Thursday, May 24, 2018
News

Punjab & Sind Bank gets Boards nod to raise fundS

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Wednesday, Feb 14 2018 IST
Public sector lender ,Punjab & Sind Bank has received an approval to raise equity capital of the Bank by issuance of equity shares aggregating to Rs 785 crore by way of preferentialallotment in favour of Government of India. The Board of Directors of the bank at its meeting held on February 13, 2018, resolved and approved the same.,bank said in filing with BSE.

The Board also gave approval to raise equity capital of the Bank amounting up to Rs 1215 crore through Public Issue (Follow on Public Offer) / Right Issue / Qualified Institutional Plieement(s) / Preferential Issue or any other mode or a combination(s) thereof in one or more tranches up to March 31, 2019.

UNI JS NV SM1259

-- (UNI) -- C-1-DL0171-1249640.Xml

Watch News Videos

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
INDIA WORLD ASIA
AP govt inaugurates RO plants in kidney ...
Will not support BJP in LS polls if mini...
Baidyanath Ayurved introduces rose petal...
Secularism and tolerance is in DNA of In...
Won't support BJP if mining crisis not r...
Key candidate withdraws in Kairana, oppo...
More...    
 
 Top Stories
Worried about high cholesterol leve... 
Eiza Gonzalez, Sam Heughan join Vin... 
Colours are important element for h... 
Online tickets sale for Hero Interc... 
TN toll rises to 13, Thoothukudi te... 
Neck injury shelves Kohli's county ... 
North Korea demolishes nuclear test... 
Jet's stocks crash on net loss, aud...