Punjab National Bank raises Rs 5,000 crore via QIP route
Leading public sector lender Punjab National Bank (PNB) announced on Friday (Sept. 27) that it has raised Rs 5,000 crore through a Qualified Institutional Placement (QIP).
PNB Bank Raises ₹5,000 Crore Via QIP; Issue Subscribed 8.3 Times: Know Everything About It
'The bank received bids totalling Rs 41,734 crore for the QIP issue from Qualified Institutional Buyers (QIBs), which includes mutual funds, foreign portfolio investors (FPIs), insurance companies, etc., which is 16.7 times the base issue size of Rs 2,500 crore and 8.3 times the total issue size of Rs 5,000 crore,' the bank further added.
Punjab National Bank QIP Closes With Nearly 5% Discount To Floor Price
Punjab National Bank, the country's second-largest state-run lender, completed its share sale to institutional investors on Thursday. The board issued shares under the qualified institutional placement route at Rs 103.
Punjab National Bank announces QIP at ₹109.16 apiece floor price: Check details
The floor price for the equity shares has been set at ₹109.16, the country's second-largest PSU bank said in a statement on Monday.
Punjab National Bank raises Rs 5,000 crore via QIP
PSU lender P unjab National Bank on September 27 said it raised Rs 5,000 crore through Qualified Institutions Placement (QIP). In a stock exchange filing, the bank said it allotted 48.2 crore shares to Qualified Institutional Buyers at Rs 103.75 per share.
Punjab National Bank Launches QIP To Raise Up To Rs 7,500 Crore
The floor price for the QIP has been fixed as Rs 109.16 per share, which marks a discount of 2.1% against the current market price.
State-owned Punjab National Bank raises Rs 5,000 crore through QIP issue
State-owned Punjab National Bank (PNB) has raised Rs 5,000 crore through an issue of equity shares to qualified institutional players.
Punjab National Bank raises Rs 5,000 crore through QIP issue
State-owned Punjab National Bank (PNB) has raised Rs 5,000 crore through an issue of equity shares to qualified institutional players. The bank allocated about 48.19 crore equity shares at an issue price of Rs 103.
PNB raises ₹5,000 crore via QIP to strengthen capital base
The QIP, which launched on September 23 and closed on September 26, received an overwhelming response from the market. Shares of Punjab National Bank ended at ₹109.25, up by ₹1.95, or 1.82%, on the BSE.
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PNB Secures ₹5,000 Crore via Qualified Institutional Placement
State-owned Punjab National Bank successfully raised Rs 5,000 crore through an equity share issue to qualified institutional players. The issue saw significant interest, with bids reaching Rs 41,734 ...