Corporate News     23-Feb-24
Board of Punjab & Sind Bank to consider fund raising up to Rs 2000 cr
On 28 February 2024
The Board of Punjab & Sind Bank will meet on 28 February 2024 to consider the following items:

1) To raise capital up to an amount and aggregating to Rs.2000 crore in any combinations(s) thereof and in one or more tranches within a period of 12 months from the date of approval by way of issue of:

a) Equity shares through Public Issue (Follow on Public Offer) / Rights Issue / Qualified Institutional Placement(s) / Preferential Issue or any other mode orcombination(s) thereof

b) Bonds in the form of Basel III compliant Additional Tier I Bonds / Basel III compliant Tier II Bonds.

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