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No equity recast for PNB

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BS Reporter Mumbai

The Union cabinet on Friday approved the equity restructuring of only the Punjab & Sind Bank, and not Punjab National Bank as wrongly reported yesterday. The error is regretted. The equity restructuring of Punjab & Sind Bank would enable it to go for an IPO or private placement of shares.

 

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First Published: Aug 10 2008 | 12:00 AM IST

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