Fixes issue price of Rs 33.75 per share
Punjab National Bank announced the closure of its QIP issue on 14 May 2021. The Bank's capital raising committee has approved the issue price of Rs 33.75 per equity share (including a premium of Rs 31.75 per share), which includes a discount of 4.96% (i.e. Rs 1.76 per equity share) to the floor price of Rs 35.51 per equity share to be allotted to eligible qualified institutional buyers.Powered by Capital Market - Live News
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