(PTI) City-based Punjab & Sind Bank on Tuesday said its board will meet on December 30 to consider a proposal for raising up to ₹250 crore by various modes, including equity and bonds issuance, the bank said on Tuesday.
The bank said it plans to raise capital up to an amount and aggregating to ₹250 crore in any combinations of equity shares or debt in the form on Basel III compliant bonds.
The capital will be raised in one or more tranches within a period of 12 months from the date of approval by way of issue of these instruments, the lender said.
Punjab & Sind Bank shares closed flat at ₹32.70 apiece on BSE.
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First Published: 27 Dec 2022, 08:04 PM IST