Canara bank revives plan to sell stake in can fin homes

New Delhi: State-owned Canara Bank Tuesday said its board has approved plan to sell part or full stake in housing finance subsidiary Can Fin Homes Ltd (CFHL).

Last year, Canara Bank had called off move to divest its entire shareholding in housing finance subsidiary Canfin Homes after receiving lower than expected price quotation.

The said permission is subject to disinvest at appropriate time depending on the market conditions and available options, Canara Bank said in a regulatory filing.