scorecardresearchPunjab & Sind Bank board to consider fundraise of ₹250 crore on December 30

Punjab & Sind Bank board to consider fundraise of 250 crore on December 30

Updated: 27 Dec 2022, 08:04 PM IST
TL;DR.
  • 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 bank said it plans to raise capital up to an amount and aggregating to  <span class='webrupee'>₹</span>250 crore in any combinations of equity shares or debt in the form on Basel III compliant bonds.

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.

(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