Board of Punjab & Sind Bank decides to seek shareholders approval for QIP issue of Rs 500 cr

Board of Punjab & Sind Bank decides to seek shareholders approval for QIP issue of Rs 500 cr

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Business Finance

Capital Market 

On 05 May 2020

The Board of Punjab & Sind Bank at its meeting held on 05 May 2020 has approved to seek the approval of the Shareholders by passing a special resolution in Extra Ordinary General Meeting or by way of postal ballot for raising Equity Capital up to an amount of Rs.500 crore through QIP route in one or more tranches within the next 12 month.

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First Published: Tue, May 05 2020. 18:49 IST