Shares of Can Fin Homes Ltd. drop

Canara Bank called off its plan to sell its stake in the firm

April 02, 2018 10:27 am | Updated 10:31 am IST - CHENNAI

Canara Bank office in Mumbai.

Canara Bank office in Mumbai.

Shares of Can Fin Homes Ltd. fell nearly 7% in early morning trade on Monday, after Canara Bank called off its plan to sell its stake in the firm.

Since the offer received was not in tune with the valuation, the bank has chosen to call off the move to divest its stake in the home finance arm, the bank had said on Saturday.

Can Fin Homes were trading down by ₹. 33.75 at ₹. 451.30 per share on BSE.

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