Punjab National Bank allots 109040543 shares to Govt. of India

Consequent upon receipt of capital funds to the tune of Rs. 1732 crore from the Government of India on September 29, 2015, Punjab National Bank has issued and allotted 10,90,40,543 equity shares of face value of Rs. 2/- each at a premium of Rs. 156.84 i.e. at a price of Rs. 158.84 per equity share on preferential basis in accordance with Regulation 76(1) of SEBI ICDR Regulations.

Shares of PUNJAB NATIONAL BANK was last trading in BSE at Rs.133.45 as compared to the previous close of Rs. 135.3. The total number of shares traded during the day was 620235 in over 4394 trades.

The stock hit an intraday high of Rs. 137 and intraday low of 132.1. The net turnover during the day was Rs. 83119417.

Source : Equity Bulls

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