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PNB approves issue of pref shares to govt; stock up 2.6%
Punjab National Bank (PNB) board has approved issue of preferential shares to the government. The bank will raise upto Rs 1,285 crore via share issue. They will seek shareholders nod on March 20, reports CNBC-TV18.
Punjab National Bank (PNB) board has approved issue of preferential shares to the government. The bank will raise upto Rs 1,285 crore via share issue. They will seek shareholders nod on March 20, reports CNBC-TV18.
The bank touched an intraday high of Rs 982 and an intraday low of Rs 966. At 09:25 hrs the share was quoting at Rs 980.75, up Rs 24.85, or 2.60%.
It was trading with volumes of 8,906 shares. In the previous trading session, the share closed down 1.59% or Rs 15.40 at Rs 955.90.
