Punjab National Bank raises Rs 1,800cr via QIP The state-owned bank sold 53 crore shares on a private placement basis to investors such as LIC and Societe Generale
State-owned Punjab National Bank on Saturday said it has raised Rs 1,800 crore by selling 53 crore shares on a private placement basis to investors such as LIC and Societe Generale.
Eligible qualified institutional buyers (QIBs) were given the share at an issue price of Rs 33.75 per unit, aggregating to Rs 1,799.99 crore, PNB said in a regulatory filing.
The qualified institutional placement (QIP) closed on Friday with the bank fixing the issue price at a 5 per cent discount to the floor price of Rs 35.51 per unit.
The News Scroll 15 May 2021
Last Updated at 9:48 pm | Source: PTI
PNB raises Rs 1,800 cr via QIP; offers shares at 33.75 per unit Outlook May 15, 2021 21:48 IST PNB raises Rs 1,800 cr via QIP; offers shares at 33.75 per unit outlookindia.com 1970-01-01T05:30:00+0530
New Delhi, May 15 (PTI) State-owned Punjab National Bank on Saturday said it has raised Rs 1,800 crore by selling 53 crore shares on a private placement basis to investors like LIC and Societe Generale.
Eligible Qualified Institutional Buyers (QIBs) were given the share at an issue price of Rs 33.75 per unit aggregating to Rs 1,799.99 crore, PNB said in a regulatory filing.
The qualified institutional placement (QIP) closed on Friday with the bank fixing issue price at a 5 per cent discount to the floor price of Rs 35.51 per unit.