PNB to consider preferential allotment to Government of India

The Board of Directors of Punjab National Bank will consider on March 04, 2011 issuance of Equity Shares of Face Value of Rs. 10/- each at a premium as per SEBI (ICDR) Regulations, 2009 on preferential basis in favour of Government of India.

The stock was trading at Rs.1090.30, up by Rs.35.55 or 3.37%. The stock hit an intraday high of Rs.1091.90 and low of Rs.1055.50.

The total traded quantity was 0.20 lakhs compared to 2 week average of 0.25 lakhs.

Source : Equity Bulls

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