New Delhi: State-owned Punjab & Sind Bank on Tuesday said it will raise about Rs.1,000 crore by issue of preference shares. The board has approved raising of capital through preferential issue of equity shares up to Rs.1,000 crore at a rate to be decided later, Punjab & Sind Bank said in a filing on the BSE.
Shares of the bank closed at Rs.80.10 a piece, up 11.40% on the BSE.
