Punjab National Bank to consider raising Rs. 3000 crores

A meeting of Board of Directors of Punjab National Bank is scheduled to be held on 1st August 2017 for considering Raising of Capital upto total of Rs. 3000 Crores by way Equity issue (FPO/QIP/Rights etc.) and Fixing date of Extra Ordinary General Meeting (EGM) for obtaining shareholder's approval in this regard at a price to be determined in terms of SEBI (ICDR) Regulations.

Shares of PUNJAB NATIONAL BANK was last trading in BSE at Rs.154.35 as compared to the previous close of Rs. 158.8. The total number of shares traded during the day was 714718 in over 3904 trades.

The stock hit an intraday high of Rs. 160.7 and intraday low of 153.6. The net turnover during the day was Rs. 112058899.

Source : Equity Bulls

Keywords