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Punjab National Bank to raise Rs 3,200 crore from share sale in current quarter
The state-owned bank has raised Rs 3,788.04 crore from QIP in December after which the government s stake in it dropped from 85.59 per cent to 76.87 per cent
BusinessToday.In | February 6, 2021 | Updated 15:53 IST
PNB had taken permission to raise Rs 14,000 crore through a mix of debt and equity
Punjab National Bank (PNB) on Saturday, February 6, said it is planning to raise Rs 3,200 crore from share sale during the current quarter to widen its capital base.
The state-owned bank has raised Rs 3,788.04 crore from QIP (qualified institutional placement) in December after which the government s stake in it dropped from 85.59 per cent to 76.87 per cent. ....

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