Investment29 Dec 2023, 03:07 am
Punjab National Bank to Raise Up to Rs.7500 Crore in Equity Capital
AI Summary
The Board of Directors of Punjab National Bank has approved a proposal to raise equity capital of up to Rs.7500 crore in one or more tranches during FY 2024-25 through Qualified Institutions Placement (QIP)/Follow on Public Offer (FPO) or any other permitted mode or a combination thereof, subject to receipt of requisite approvals. The meeting was held on [insert date and time] and lasted from 1:40 pm to 9:30 pm.,
Key Highlights
- Punjab National Bank to raise up to Rs.7500 crore in equity capital
- Proposal approved in Board meeting held on insert date and time
- Equity capital to be raised through QIP/FPO or other permitted modes
- Subject to receipt of requisite approvals