PNB to consider issue of shares to Government of India on Jan 30, 2012

A meeting of the Board of Directors of Punjab National Bank will be held on January 30, 2012, to consider & approve issuance of Equity Shares of Face value of Rs. 10/- each at such price as may be decided as per SEBI (ICDR) Regulations, 2009 on preferential basis in favour of Government of India, subject to necessary approvals.

The Punjab National Bank stock was trading at Rs.961.95, down by Rs.9.35 or 0.96%. The stock hit an intraday high of Rs.977.70 and low of Rs.955.30.

The total traded quantity was 0.28 lakhs compared to 2 week average of 0.50 lakhs.

Source : Equity Bulls

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