PNB raises ₹ 1,800 crore via QIP offering - The Hindu BusinessLine
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...
Source: thehindubusinessline.com