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Punjab & Sind Bank to raise equity capital of Rs 500 cr via QIP

Press Trust of India  |  New Delhi 

State-owned Friday said it would raise up to Rs 500 crore by issuing fresh equity shares through

The decision was taken at the extraordinary general meeting of shareholders held here.

The money will be raised in one or more tranches, it said in a regulatory filing. Among others, the said it would issue up to 5 crore shares to its employees under the Employee Share Purchase Scheme (ESPS).

Such shares under ESPS will be created and allotted in one or more tranches, it added.

Stock of closed 0.33 per cent down at Rs 30.15 on the BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 15 2019. 20:15 IST