Board of Punjab & Sind Bank to consider QIP issue up to Rs 500 cr

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Capital Market
Last Updated : Dec 07 2018 | 5:50 PM IST

On 12 December 2018

Punjab & Sind Bank announced that a meeting of Board of Directors of Punjab & Sind Bank is scheduled to be held on 12 December 2018, inter alia, to consider issue of Equity Shares by way of QIP upto an amount of Rs. 500 crore for which permission has already been obtained from the Board of Directors and Special Resolution passed by the shareholders in EGM dt 19-03-2018 and to issue Basel III compliant Tier II Bonds upto an amount of Rs.1500 crore in one or more tranches.

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First Published: Dec 07 2018 | 5:38 PM IST

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