PNB fixes floor price for QIP as Rs. 35.51 per share equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Punjab National Bank opens QIP, fixes floor price as Rs. 37.35
Posted On: 2020-12-15 08:05:42 (Time Zone: Arizona, USA)
Subsequent to the approval accorded by the Board of Directors of Punjab National Bank, at its meeting held on July 9, 2020 and approval of the shareholders of the Bank by way of a special resolution passed at the Annual General Meeting held on August 4, 2020 for the QIP, the Capital Raising Committee of the Bank has, at its meeting held today i.e. December 15, 2020, approved the opening of QIP today i.e. December 15, 2020.
The committee approved the floor price of Rs. 37.35 per Equity Share for the QIP. The Bank may, at its discretion offer a discount of not more than 5% on the Floor Price.