Latest News | Punjab & Sind Bank Board to Consider Fundraise of Rs 250cr on Dec 30
Get latest articles and stories on Latest News at LatestLY. City-based Punjab & Sind Bank on Tuesday said its board will meet on December 30 to consider a proposal for raising up to Rs 250 crore by various modes, including equity and bonds issuance, the bank said on Tuesday.
New Delhi, Dec 27 (PTI) City-based Punjab & Sind Bank on Tuesday said its board will meet on December 30 to consider a proposal for raising up to Rs 250 crore by various modes, including equity and bonds issuance, the bank said on Tuesday.
The bank said it plans to raise capital up to an amount and aggregating to Rs 250 crore in any combinations of equity shares or debt in the form on Basel III compliant bonds.
The capital will be raised in one or more tranches within a period of 12 months from the date of approval by way of issue of these instruments, the lender said.
Punjab & Sind Bank shares closed flat at Rs 32.70 apiece on BSE.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)