Punjab National Bank (PNB) has proposed to mop up Rs 5,000 crore from a share sale in next few months. The bank has already appointed merchant bankers for a share sale.
Besides, the board had already approved part stake sale in PNB Housing Finance and an entire stake in Principal PNB Asset Management Company and Principal Trustee Company.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.