Punjab & Sind Bank allots 16,45,01,257 Equity Shares

Punjab & Sind Bank has alloted 16,45,01,257 Equity Shares of the face value of Rs. 10/- each at a issue price of Rs. 47.72 per Equity Share (including premium of Rs. 37.72 per Equity Share) determined in accordance with Regulation 76 of SEBI ICDR Regulations on preferential basis to the President of India (Govt. of India) on 27.03.2018. The shares carry distinctive Number from 400411028 to 564912284 and shall stand paripassu with existing equity shares of the Bank listed on Stock Exchanges.

Shares of PUNJAB & SIND BANK was last trading in BSE at Rs.36.2 as compared to the previous close of Rs. 35.3. The total number of shares traded during the day was 45908 in over 111 trades.

The stock hit an intraday high of Rs. 38 and intraday low of 35.25. The net turnover during the day was Rs. 1661228.

Source : Equity Bulls

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