Punjab and Sind Bank proposes to raise funds of Rs. 1500 crores

Punjab and Sind Bank proposes to raise funds through issue of Basel III Compliant AT-1 up to Rs 1000 Crore and Basel III Compliant Tier II Bonds up to Rs 500 Crore during the Financial year 2017-18 in one or more tranches, on private placement basis, as approved in meeting of Board of Directors held on 29.03.2017.

Shares of PUNJAB & SIND BANK was last trading in BSE at Rs.55.1 as compared to the previous close of Rs. 54.85. The total number of shares traded during the day was 19577 in over 288 trades.

The stock hit an intraday high of Rs. 56.1 and intraday low of 54.85. The net turnover during the day was Rs. 1085894.

Source : Equity Bulls

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