PNB s Board to consider capital infusion of Rs 5,431 cr from government
Wednesday - September 26, 2018 10:58 pm ,
Category : BUSINESS
PNB s Board to consider capital infusion of Rs 5,431 cr from government
Mumbai Sep 26 (IANS) Lender Punjab National Bank s Board will consider a proposal for capital infusion of Rs 5 431 crore from the central government by way of preferential issue of equity share.
According to a BSE filing made on Wednesday PNB s Board of Directors will meet on September 27 "for considering infusion of Rs 5 431 crore by Government of India by way of preferential issue of equity share".
In addition the board will fix the date of an Extraordinary General Meeting (EGM) for obtaining "shareholders approval in this regard at a price determined in terms of SEBI (ICDR) Regulations".
--IANS rv/bg
According to a BSE filing made on Wednesday PNB s Board of Directors will meet on September 27 "for considering infusion of Rs 5 431 crore by Government of India by way of preferential issue of equity share".
In addition the board will fix the date of an Extraordinary General Meeting (EGM) for obtaining "shareholders approval in this regard at a price determined in terms of SEBI (ICDR) Regulations".
--IANS rv/bg
