Punjab & Sind Bank to convene EGM this month for capital infusion
Tue, Mar 2, 2021 9:39 PM

Punjab & Sind Bank to convene EGM this month for capital infusion

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Punjab & Sind Bank will convene an extraordinary general meeting on March 25 to seek shareholders' approval for Rs 5,000 crore equity infusion by the government in exchange for shares. The bank will issue over 335 crore shares at Rs 16.41 apiece to the government in lieu of the capital infusion. Shareholder approval is, therefore, sought for the issue of 3,351,614,868 equity shares.

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