Indian state-run Punjab National Bank has launched a share sale to qualified institutions to raise at least 30 billion rupees ($466.2 million) with an upsize option for another 20 billion rupees, according a source and a deal term sheet. Punjab National Bank, the second-biggest state-run lender in the country, is looking to sell the shares at an indicative price of 168 rupees each, according to the source and the term sheet. The stock closed at 172.95 rupees on Monday. The total fund-raising of 50 billion rupees, including the upsize option, is aimed at boosting the ...
Punjab National Bank launches up to $777 million share sale
According to a source and the deal term sheet, Punjab National Bank is looking to sell the shares at an indicative price of 168 rupees each
Reuters Last Updated at December 12, 2017 10:35 IST