Mumbai (Maharashtra)/New Delhi [India], May 18 (ANI/NewsVoir): Cyril Amarchand Mangaldas advised the Life Insurance Corporation of India (the Corporation) and the President of India, acting through the Ministry of Finance, Government of India (the Selling Shareholder) on its recent initial public offering of equity shares aggregating to Rs 20,557 crores (the Offer).
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In Brief By Kian Ganz
Friday, 22 January 2021 18:43 Capital Markets
Punjab National Bank (PNB) raised approximately INR 3,788.04 crore through a qualified institutions placement of 1,06,70,52,910 equity shares of face value INR 2 each, at a price of INR 35.50 per equity share (at a discount of 4.95% i.e., INR 1.85 per equity shares on the Floor Price), including a premium of INR 33.50 per equity share, according to reports.