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PNB gains on plan to sell 6% stake in PNB Housing Finance

28 Nov 2017 Evaluate

Punjab National Bank (PNB) is currently trading at Rs. 186.10, up by 0.20 points or 0.11% from its previous closing of Rs. 185.90 on the BSE.

The scrip opened at Rs. 186.80 and has touched a high and low of Rs. 187.90 and Rs. 185.55 respectively. So far 332951 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 231.60 on 26-Oct-2017 and a 52 week low of Rs. 112.00 on 29-Dec-2016.

Last one week high and low of the scrip stood at Rs. 192.85 and Rs. 183.05 respectively. The current market cap of the company is Rs. 39750.45 crore.

The promoters holding in the company stood at 65.01%, while institutions and non-institutions held 29.79% and 5.07% respectively.

PNB is eyeing to raise over Rs 1,324.21 crore by diluting 6% holding in subsidiary firm PNB Housing Finance in an offer for sale (OFS). The floor price of the OFS is Rs 1,325 per share. The OFS is part of bank’s strategy to sell non-core assets.

The Bank proposes to sell up to 99,94,000 equity shares on November 28 (for non-retail investors only) and on November 29 (for retail investors and non-retail investors who choose to carry forward their bids).

Punjab National Bank (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.

PNB Share Price

114.50 1.00 (0.88%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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