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HomeMarketStocksPunjab & Sind Bank board to consider fundraise of Rs 250cr on...

Punjab & Sind Bank board to consider fundraise of Rs 250cr on Dec 30


New Delhi: Metropolis-based Punjab & on Tuesday stated its board will meet on December 30 to think about a proposal for elevating as much as Rs 250 crore by numerous modes, together with fairness and bonds issuance, the financial institution stated on Tuesday.

The financial institution stated it plans to lift capital as much as an quantity and aggregating to Rs 250 crore in any mixtures of fairness shares or debt within the type on Basel III compliant bonds.

The capital will probably be raised in a number of tranches inside a interval of 12 months from the date of approval by the use of problem of those devices, the lender stated.

Punjab & Sind Financial institution shares closed flat at Rs 32.70 apiece on BSE.



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