PNB raises ₹ 1,800 crore via QIP offering
K.R.Srivats
New Delhi |
Updated on
May 16, 2021
Issues 53.33 crore shares at ₹ 33.75 per share
Punjab National Bank (PNB), the country‘s second largest public sector bank, has raised ₹ 1,799.99 crore through its latest Qualified Institutional Placement (QIP) offering that saw the bank issue 53.33 crore shares at ₹ 33.75 per share, which is about 5 percent discount to the floor price of ₹ 35.51 per share, to institutional investors.
The QIP issue, which had opened on Monday and closed on Friday, saw several marquee institutional investors including Life Insurance Corporation (₹400 crore), Societe Generale(₹417 crore), BNP Paribas Arbitrage ₹240 crore), Morgan Stanley Asia (Singapore) Pte (₹ 150 crore) getting allotments more than 5 per cent of the equity shares offered in the QIP, sources said.
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LIC pension policyholders can submit life certificate via email
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Last Updated: May 12, 2021, 10:36 AM IST
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Synopsis For Annuities with return of capital options, production of life certificates is waived for annuities due up to 31.10.2021, besides accepting life certificates sent through email in other cases, LIC said in a press release.
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In the wake of the second wave of the coronavirus, the Life Insurance Corporation of India (LIC) has allowed annuity holders to submit their life certificate via email. For Annuities with return of capital options, production of life certificates is waived for annuities due up to 31.10.2021, besides accepting life certificates sent through email in other cases. LIC has also introduced Life certificate procurement through video call process, stated an LIC press release issued on May 7, 2021.