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PNB opens QIP issue, sets floor price at Rs 35 51 per share

PNB opens QIP issue, sets floor price at Rs 35.51 per share PNB board passed a resolution related to approval and adoption of the Preliminary Placement Document dated May 10, 2021, and the application form dated May 10, 2021 in connection with the QIP BusinessToday.In | May 10, 2021 | Updated 19:51 IST The board of directors of Punjab National Bank approved opening of qualified institutional placement (QIP) on Monday. The Capital Raising Committee of the bank would meet on May 14, Friday, to consider and determine the issue price for the equity shares to be allotted to eligible qualified institutional buyers, the public sector lender informed in a regulatory filing.

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