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PNB board approves plan to raise Rs 3,000 cr equity capital

PNB said its board of directors have called general meeting of shareholders on Sept 12

Press Trust of India  |  New Delhi 

PNB board approves plan to raise Rs 3,000 cr equity capital

State-owned (PNB) has got the approval of board of directors to raise Rs 3,000 crore by various ways, including follow on public offer or rights issue.

"The board of directors of the bank in its meeting held today accorded approval for raising by way of follow on public offer/rights issue/qualified institutions placement/ESPS/to the tune of Rs 3,000 crore," the bank said in a regulatory filing.


said its board of directors have called an extra ordinary of the shareholders on September 12 for their approval to raise the

Shares of the bank today closed 2.90 per cent down at Rs 157.50 on BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, August 01 2017. 21:59 IST
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