A meeting of board of directors of Punjab & Sind Bank is scheduled to be held on Saturday for considering to offer, issue, create and allot equity shares up to ₹5,500 cr (including preferential issue of equity shares), the bank said
NEW DELHI : State-owned Punjab & Sind Bank on Wednesday said the board of bank will meet later this week to consider raising up to ₹5,500 crore by issuing shares on a preferential basis.
"A meeting of board of directors of Punjab & Sind Bank is scheduled to be held on Saturday, November 21, 2020, for considering to offer, issue, create and allot equity shares up to ₹5,500 crore (including preferential issue of equity shares)," the bank said in a regulatory filing.
Shares of Punjab & Sind Bank on Wednesday closed 0.88% up at ₹11.40 apiece on the BSE.
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