GC
India's PNB eyes $931m equity fundraising
Punjab National Bank has proposed raising up to Rp70bn ($931.1m) from an issue of primary equity capital.
PNB is considering methods including a qualified institutional placement (QIP), further public issue, rights issue or private placement.
The bank will put the proposal to shareholders at its annual general meeting on August 4, according to a stock exchange filing.
The proposal comes just days after the state-run ...Already a subscriber? Login
