Punjab National Bank allots PNB Upper Tier II Bond Series X

Punjab National Bank has announced with reference to the earlier annoucement regarding PNB Upper Tier II Bond Issue Series X, that the Bank has received a total Rs. 500 crore in the said issue, comprising one investor. It has been decided to accept the full subscription of Rs. 500 crore from the single investor and give full allotment.

The stock closed the day at Rs.743.90, up by Rs.20.25 or 2.80%. The stock hit an intraday high of Rs.749 and low of Rs.729.

The total traded quantity was 176142 compared to 2 week average of 108200.

Source : Equity Bulls

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