PNB approves raising of Rs. 12000 crore

The Board of Directors of Punjab National Bank in its meeting held today i.e. 29th March, 2022 has approved raising of capital for an amount up to Rs.12000 Crore through issue of Basel III compliant AT-1 Bonds up to Rs.5500 Crore and Tier II Bonds up to Rs.6500 Crore, to be raised in one or more tranches.

Shares of Punjab National Bank was last trading in BSE at Rs. 34.95 as compared to the previous close of Rs. 35.65. The total number of shares traded during the day was 4121750 in over 9293 trades.

The stock hit an intraday high of Rs. 36.00 and intraday low of 34.85. The net turnover during the day was Rs. 145684862.00.

Source : Equity Bulls

Keywords

PunjabNationalBank INE160A01022 PNB FundRaising