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PNB surges on raising Rs 1859 crore through Bonds
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Punjab National Bank is currently trading at Rs. 124.00, up by 1.30 points or 1.06% from its previous closing of Rs. 122.70 on the BSE.
The scrip opened at Rs. 122.85 and has touched a high and low of Rs. 124.55 and Rs. 122.10 respectively. So far 1456136 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 133.00 on 11-Mar-2024 and a 52 week low of Rs. 44.41 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 124.55 and Rs. 114.15 respectively. The current market cap of the company is Rs. 136206.26 crore.
The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 16.84% and 10.00% respectively.
Punjab National Bank (PNB) has raised Rs 1859 crore through the allotment of 8.47% Unsecured, subordinated, non-convertible, fully paid-up, perpetual, taxable, Basel Ill compliant bonds on private placement basis. The non-convertible taxable bonds will qualify as Additional Tier I capital.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
