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PSU bank mulls fund raise! Check floor price, other details
Punjab National Bank Launches QIP To Raise Up To Rs 7,500 Crore
The floor price for the QIP has been fixed as Rs 109.16 per share, which marks a discount of 2.1% against the current market price.
Punjab National Bank QIP: PSU bank mulls fund raise! Check floor price, other details
Ahead of the launch of QIP, shares of Punjab National Bank surged 2.81 per cent to close at Rs 111.50 per share on BSE. The scrip opened at Rs 108.46 per share, making a high of Rs 111.90 and a low of Rs 108.
Punjab National Bank announces QIP at โน109.16 apiece floor price: Check details
The floor price for the equity shares has been set at โน109.16, the country's second-largest PSU bank said in a statement on Monday.
Punjab National Bank Sets Floor Price for Institutional Share Sale
State-owned Punjab National Bank (PNB) has set a floor price of Rs 109.16 per share for its qualified institutional placement (QIP). The bank plans to raise up to Rs 7,500 crore through the share sale during 2024-25.
Punjab National Bank (PNB) fixes floor price for share sale
The bank had taken board approval last year for raising up to Rs 7,500 crore via share sale in one or more tranches during 2024-25.
Punjab National Bank share are down by -2.43%, Nifty down by -0.84%
On the last trading day, PNB opened at โน113.1 and closed at โน110.6. The stock reached a high of โน113.2 and a low of โน110.6 during the day.
14d
on MSN
Attention Punjab National Bank Customers! From Minimum Balance To Interest, This Will Change For Your Saving Account From 1st Oct
Punjab National Bank (PNB) has announced various changes related to its savings accounts, effective from October 1, 2024. The ...
Swarajya
7d
Government Cannot Allow MTNL To Default; It Could Queer Pitch For Other PSUs That Need Bank Funds
A few days ago, CNBC TV18 reported that MTNL had defaulted on its loan repayments to banks, and had asked banks to take a 60 ...
The Tribune
1h
Demands not accepted, bank employees protest in Mandi
Himachal Gramin
Bank
employees take out a protest rally in Mandi on Monday. Photo: Jai Kumar Employees of Himachal Pradesh ...
10h
Punjab Cabinet Gets Five New Faces, Drops Four
( MENAFN - IANS) Chandigarh, Sep 23 (IANS) The Cabinet led by Punjab Chief Minister Bhagwant Mann on Monday inducted five new ...
22h
Nifty above 25,850; PSU bank shares in demand
IST, the barometer index, the S&P BSE Sensex, added 193.83 points or 0.23% to 84,738.76. The Nifty 50 index rose 94.05 points or 0.36% to 25,885.
3d
Stock market update: Nifty Bank index advances 1.42%
Reuters Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a ...
cnbctv18
17h
These PNB accounts can be declared inactive โ Here's how to avoid it
The bank announced that accounts could be declared inoperative if no customer-initiated transactions have taken place for ...
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