Punjab National Bank has come up with a share sale plan, which is expected to rake in INR 30 Billion, while the state run bank places the upsize option for another INR 20 Billion as well. Being the second biggest state run lender in India, PNB maintained that it might look for selling the shares at an indicative price of INR 168. While commenting on the share sale plans, PNB officials said that the bank is aiming to boost the capital ratio of it, while a total of INR 1.35 Trillion is expected to go through the recapitalization bond process.
Punjab National Bank up for Rs 30 Billion share sale
AJith, Author at Mixindia.com. Over 5 years experience in news content writing.
