Page 11 of Banking

Canara Robeco AMC has announced its IPO with a price band of Rs 256-263, valuing the company at Rs 5,302 crore. The issue is an offer for sale by promoters Canara Bank and ORIX Corporation Europe. CEO Rajnish Narula stated that the company has shown 40% growth in the last 5 years, outperforming the industry’s 20% growth. Canara Bank currently contributes 8% to the company’s AUM and Nar