PNB raises INR 5,000 crore via QIP

PNB raises INR 5,000 crore via QIP

111
PNB logo

 

Punjab National Bank has raised INR 5,000 crore through qualified institutional placement by selling 29.76 crore shares at Rs 168 per share, which is at a discount of 4.735 percent to the floor price of Rs 176.35.

The Committee of Directors for Capital Raising of the bank decided to close the issue and accorded its consent for the issue of shares to investors, bank said.