Canara Bank in talks to sell majority stake in factoring business

By Swet Sarika

  • 27 Apr 2017
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Credit: Thinkstock

State-run lender Canara Bank is in talks with multiple financial services companies and private equity firms to sell its majority stake in the factoring business, which is housed under Canbank Factors Ltd, multiple people aware of the development told VCCircle.Hyderabad-based investment bank Capital Fortunes confirmed that the company has hired ......

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