Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Punjab & Sind Bank has informed that a meeting of Board of Directors of the bank is scheduled to be held on December 12, 2018 at New Delhi, to consider and approve issue of Equity Shares by way of QIP up to an amount of Rs 500 crores for which permission has already been obtained from the Board of Directors and Special Resolution passed by the shareholders in EGM dated March 19, 2018 and to issue Basel III compliant Tier 11 Bonds up to an amount of Rs 1500 crores in one or more tranches.
The above information is a part of company’s filings submitted to BSE.
