Shares of Punjab National Bank have been final buying and selling 2.67 per cent decrease at Rs 34.65 on BSE.
Share value of Punjab National Bank (PNB) edged decrease by round three per cent on Tuesday, May 11, a day after the corporate’s board accepted elevating fairness capital from traders to reinforce the capital base. On Tuesday, May 11, Punjab National Bank opened on the BSE at Rs 35, witnessing an intra day excessive of Rs 35.35, and an intra day low of Rs 33.75, within the buying and selling session thus far. According to an announcement shared by the financial institution to the BSE, the board has accepted elevating fairness capital from certified institutional traders or QIP to strengthen its capital base.
Punjab National Bank said that for the Qualified Institutional Placement functions, the financial institution has mounted the ground value at Rs 35.51 per fairness share. The assertion stated that date for the aim of the QIP is May 10, 2021, and the ground value with respect to the QIP, primarily based on the pricing components underneath the SEBI regulation is Rs 35.51 per fairness share. Punjab National Bank might provide a reduction of no more than 5 per cent on the ground value, at its discretion.
Additionally, a gathering of the capital elevating committee is scheduled to be held on Friday, May 14, 2021, to think about and decide the problem value, together with a reduction for the fairness shares to be allotted to the eligible certified institutional consumers.
On the NSE, Punjab National Bank opened at Rs 34.85, touching an intra day excessive of Rs 35.35, and an intra day low of Rs 33.75, within the session thus far. It was final buying and selling 2.53 per cent decrease at Rs 34.70 on the NSE.
Shares of Punjab National Bank have been final buying and selling 2.67 per cent decrease at Rs 34.65 on the BSE.
