PNB Board to consider preferential issue to LIC on Feb 22, 2012

A meeting of the Board of Directors of Punjab National Bank will be held on February 22, 2012, for considering issuance of Equity Shares to LIC of India on preferential basis in terms of SEBI (ICDR) Regulations 2009, subject to necessary approvals.

The Punjab National Bank stock was trading at Rs.1077, down by Rs.1.30 or 0.12%. The stock hit an intraday high of Rs.1090 and low of Rs.1071.55.

The total traded quantity was 0.37 lakhs compared to 2 week average of 0.56 lakhs.

Source : Equity Bulls

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