PNB raises ₹1,800 cr via QIP; offers shares at 33.75 per unit1 min read . Updated: 16 May 2021, 11:28 AM IST
- The qualified institutional placement (QIP) issue had opened on May 10 and closed on Friday with the bank fixing issue price at a 5% discount to the floor price of ₹35.51 per unit.
Punjab National Bank has raised ₹1,800 crore by selling 53 crore shares on a private placement basis to investors like LIC and Societe Generale, the public sector bank said on Saturday.
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