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PUNJAB & SIND BANK - 533295 - Closure of Trading Window

Closure of Trading Window
27-03-2024

Punjab And Sind Bank To Raise Rs 2,000 Crore Via Equity, Bonds

Punjab and Sind Bank to raise Rs 2000 crore through shares and bonds to boost capital. Board approved the move on Feb. 28 for implementation within 12 months.
28-02-2024
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PUNJAB & SIND BANK - 533295 - Board Meeting Outcome for Outcome Of Board Meeting

Further to our intimation No Ref No: PSB/HO/Shares Cell / 86 /2023-24 dated February 23, 2024, we hereby inform that the Board of the Bank in its meeting held today i.e. on 28th February, 2024 has, inter alia, approved the following agenda item: 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 or combination(s) thereof b) Bonds in the form of Basel III compliant Additional Tier I Bonds / Basel III compliant Tier II Bonds. The Board Meeting commenced at 11:00 a.m. and concluded at 07:15 p.m.
28-02-2024
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