Punjab National Bank to get Rs. 2816 crore fund infusion

As per Government of India, Ministry of Finance, and Department of Financial Services notification, has received amount of capital Infusion of Rs 2816 crore (Rupees two thousands eight hundred sixteen only) towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2018-19, as Government's investment.

The preferential allotment of equity shares to GoI will be made after completing the process of regulatory approvals.

Shares of PUNJAB NATIONAL BANK was last trading in BSE at Rs.78.95 as compared to the previous close of Rs. 75.5. The total number of shares traded during the day was 2173395 in over 5924 trades.

The stock hit an intraday high of Rs. 79.75 and intraday low of 75.05. The net turnover during the day was Rs. 168547069.

Source : Equity Bulls

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