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Punjab National Bank announces closure of QIP issue

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Capital Market

On 14 December 2017; Issue price is Rs 168 per share

The Committee of Directors for Capital Raising of the Board of Punjab National Bank has decided to close the QIP issue and has accorded its approval for the issue of 29,76,19,047 equity shares at a price of Rs 168 per share for an aggregate value of Rs 4999.99 crore. The Committee also approved and adopted the placement document dated 14 December 2017 in connection with the issue.

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First Published: Dec 14 2017 | 8:49 PM IST

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