PNB launches QIP to raise up to Rs 5,000 crore at Rs 103.75 per share
- Posted on September 23, 2024
- By Business News Today
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PNB launches QIP to raise up to Rs 5,000 crore at Rs 103.75 per share
Punjab National Bank has launched a qualified institutional placement to raise up to Rs 5,000 crore at an indicative price of Rs 103.75 per share. The base deal size is Rs 2,500 crore, with the option to increase depending on demand. The bank's board has set a floor price of Rs 109.16 per share for the sale.
