India's PNB eyes $931m equity fundraising

By Jonathan Breen
13 Jul 2020

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 ...

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