PNB to Raise Rs 5,000 Cr Equity Capital
State-owned Punjab National Bank (PNB) on Thursday said it board has approved raising Rs 5,000 crore through public offer.
New Delhi, Jul 25 (PTI) State-owned Punjab National Bank (PNB) on Thursday said it board has approved raising Rs 5,000 crore through public offer.
The decision in this regard was taken in the board meeting held Thursday, PNB said in a regulatory filing.
The board has granted approval for raising equity capital amounting up to Rs 5,000 crore in one or more tranches through Qualified Institutional Placements (QIP) or Follow-on Public Offer (FPO) or Rights Issue, it said.
(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)