Canara Bank said it has called off its plan to divest its entire stake in Can Fin Homes. The bank said in a stock exchange filing the quotes it received were not in tune with the valuations it was seeking. The bank was proposing to divest 30% stake in the home loan unit and had engaged merchant bankers for the purpose of finding buyers. The bank’s 30% in Can Fin Homes amounted to Rs 1938 crore. The company has 132 branches across India, 20 affordable housing loan centers and 20 satellite offices with a customer base of over 1.2 lakh. It offers a range of loan products, housing loans as well as non-housing loans to the customers.
