Punjab National Bank announces infusion of Capital by Govt. of India

Consequent upon receipt of capital funds to the tune of Rs. 2112 crore from the Government of India on September 14, 2016, Punjab National Bank has issued and allotted 16,43,70,768 equity shares of face value of Rs 2/- each at a premium of Rs. 126.49 i.e. at a price of Rs. 128.49 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.137.85 as compared to the previous close of Rs. 138.7. The total number of shares traded during the day was 1687256 in over 7885 trades.

The stock hit an intraday high of Rs. 143.45 and intraday low of 137.25. The net turnover during the day was Rs. 237053616.

Source : Equity Bulls

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