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Punjab National Bank receives capital infusion of Rs 870 crore from GoI

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Capital Market

On 31 March 2015

Punjab National Bank announced that capital funds to the tune of Rs. 870 crore has been received from the Govt. of India on 31 March 2015 for Issue and allotment of 4,42,07,317 equity shares of face value of Rs. 2/- each at a premium of Rs. 194.80 i.e. at a price of Rs. 196.80 per equity share on preferential basis in accordance with Regulation 76(1) of SEBI ICDR Regulations.

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First Published: Apr 01 2015 | 4:52 PM IST

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