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.
- 8 years ago
Ajith
Categories:
Business
Punjab National Bank up for Rs 30 Billion share sale
Related Post
-
India will be a 40 trillion-dollar economy by 2047: Mukesh Ambani
India will be a USD 40-trillion dollar economy by 2047 and ranked among the top…
-
Rasna founder Areez Khambatta passes away
The Rasna Group on Monday said its founder and Chairman Areez Pirojshaw Khambatta has passed…
-
Amazon mulls to lay off 10000 employees; Report
After recently announcing a corporate hiring freeze, industry behemoth Amazon has announced their plan to…
-
Air Asia to sell remaining stake in India operations to Air India
Air Asia Aviation Group Limited has decided to sell its remaining stake in India operations…
-
Businessman Atlas Ramachandran passes away in Dubai
Non-resident Indian businessman and filmmaker Atlas Ramachandran passed away on Sunday at the age of…
-
Gautam Adani becomes world’s second richest person
Industrialist Gautam Adani, owner of Adani Group has become the world’s second richest individual, according…