PNB to publicize QIP soon, base size is likely to be Rs 1,200 crore
Mon, May 10, 2021 8:03 PM

PNB to publicize QIP soon, base size is likely to be Rs 1,200 crore

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Punjab National Bank to soon publicize Qualified Institutional Placement (QIP), whose base size is will be Rs 1,200 cr with an option to increase size to Rs 1,800 cr. As per the initial details, the typical offer price is likely to be Rs 33.75 per share, however, the management is yet to decide on it. Punjab National Bank reported Q4 Net Profit to Rs 948 cr QoQ.

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