MoneyWorks4Me

Government to infuse Rs 1,732 crore in PNB

29 Sep 2015 Evaluate

Punjab National Bank (PNB) has received shareholders’ approval to issue 10.90 crore equity shares to the Government on a preferential basis. The public sector lender will issue these shares of a face value of Rs 2 at a premium of Rs 156.84 per share.

This preferential issue will lead to fund infusion of Rs 1,732 crore into the bank from the central government.

Peers
Company Name CMP
State Bank Of India 991.10
PNB 116.60
Bank Of Baroda 234.50
Canara Bank 122.85
Union Bank Of India 177.60
View more..