PNB Board gives approval for raising funds

The Board of Directors of Punjab National Bank in its meeting held today i.e. 27.09.2017 accorded approval for raising Common Equity Tier Capital upto Rs. 5000 Crore (Rupees Five thousand Crore) as per Basel III requirements and for raising Basel III Compliant Debt instrument - Perpetual Additional Tier I Capital bonds to the extent of Rs. 3000 Crore (Rupees Three thousand crore), and Tier - II bonds up to Rs. 3000 Crore (Rupees Three thousand crore) subject to availability of headroom in one or more tranches.

Shares of PUNJAB NATIONAL BANK was last trading in BSE at Rs.132.8 as compared to the previous close of Rs. 136.95. The total number of shares traded during the day was 498224 in over 2512 trades.

The stock hit an intraday high of Rs. 138.15 and intraday low of 132.3. The net turnover during the day was Rs. 67062698.

Source : Equity Bulls

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