Punjab National Bank to offer equity shares worth Rs 2,500 crore via rights issue

Punjab National Bank to offer equity shares worth Rs 2,500 crore via rights issue

The company will be issuing equity shares of face value Rs 10 per unit, as part of the transaction at a rights issue price of Rs 275.

FPJ Web DeskUpdated: Tuesday, March 28, 2023, 10:17 PM IST
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Through a regulatory filing, state-owned Punjab National Bank has announced the approval of a rights issue of Rs 2,500 crores.

The company will be issuing equity shares of face value Rs 10 per unit, as part of the transaction at a rights issue price of Rs 275.

PNB will conduct the issue between April 13, 2023 and April 27, 2023.

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