Breaking News

You are here » Indian-Commodity  :  Top News  :  PNB launches share sale to raise at least Rs 30 billion: Report


PNB launches share sale to raise at least Rs 30 billion: Report

Punjab National Bank (PNB) has reportedly launched a share sale to qualified institutions to raise at least Rs 30 billion ($466.2 million) with an upsize option for another Rs 20 billion. The bank is looking to sell the shares at an indicative price of Rs 168 each.

The total fund-raising of Rs 50 billion, including the upsize option, is aimed at boosting the bank's capital ratio.

Further, Bank of America Merrill Lynch, Credit Suisse, Goldman Sachs, HSBC, Kotak Mahindra Capital, Morgan Stanley and PNB Investment Services are the banks managing the sale.

Related News

View all news

Copper futures end tad higher on upbeat trade talk

Copper futures ended marginally higher on Wednesday due to upbeat comments from US President Donald Trump about a potential trade deal with China. Trump said he would intervene in the Justice Department's......

Gold futures end higher as dollar slides

Gold futures ended higher on Wednesday, with weaker dollar amid report that US consumer prices were unchanged in November, supporting the view that underlying inflation remained firm. Moreover, dimmed......

Physical Rubber prices witness improvement on Wednesday

Physical Rubber prices showed improvement on Wednesday. The market regained strength on short covering but the volumes continued to remain low. Spot prices for RSS-4 variety rose to 120.50/ kg compared......

Top News

View all news

Patels Airtemp receives settlement notice from SEBI

Patels Airtemp (India) has received from SEBI, Summary Settlement Notice vide its Letter dated December 12, 2018 for settlement amount of Rs 3,68,156 against violation of Regulation 7(2)(b) of SEBI (Prohibition......

IndiGo in initial discussion with Qatar, Turkish Airlines for global expansion: Report

In order to increase its global footprint, InterGlobe Aviation (IndiGo) is reportedly in preliminary discussion with Qatar Airways and Turkish Airlines. The Budget carrier is looking for interline and......

Talwalkars Lifestyles integrates with Growfitter

Talwalkars Lifestyles has integrated with Growfitter to introduce the country's first ever AI (Artificial Intelligence) based Incentivized Wellness Program. The Growfitter FITKIT Program is a technologically......