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

Capital Market 

On 12 December 2018

& announced that a meeting of Board of Directors of & 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 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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 17:38 IST