PNB Gilts gains on raising Rs 300 crore through Commercial Paper
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PNB Gilts is currently trading at Rs. 51.55, up by 0.20 points or 0.39% from its previous closing of Rs. 51.35 on the BSE.
The scrip opened at Rs. 51.20 and has touched a high and low of Rs. 51.55 and Rs. 50.30 respectively. So far 63016 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.45 on 08-Feb-2021 and a 52 week low of Rs. 21.50 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 54.75 and Rs. 50.30 respectively. The current market cap of the company is Rs. 916.25 crore.
The promoters holding in the company stood at 74.07%, while Institutions and Non-Institutions held 0.30% and 25.63% respectively.
PNB Gilts has raised Rs 300 crore through Commercial Paper on February 23, 2021. The Date of maturity will be March 30, 2021. Tenure of the instrument is for 35 days. The aggregate amount of commercial paper (including this issue) outstanding as on date is Rs 300 crore.
PNB Gilts a renowned and preferred name in the Indian debt market was one of the first entities to be granted the Primary Dealership License by the Reserve Bank of India. The company is also a subsidiary of one of the largest Indian commercial banks, Punjab National Bank.
