The bank plans to issue 24.10 crore shares as part of the base issue, with an option to increase it to 48.19 crore shares if the issue goes up.
The base issue represented 2.19% of the pre-issue outstanding equity capital, while the upsized issue accounted for 4.38%.
Shares of PNB, which have gained 46% in the past year compared to a 19% rise in Bank Nifty, on Monday traded at Rs. closed at 111.51.
In an exchange filing, the bank announced that its board has decided to sell shares at Rs. A floor price of 109.16 has been fixed. The bank had last year raised Rs. 7,500 crore was approved by the board to be raised.
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per share Rs. The floor price of 109.16 is based on the price formula prescribed under Regulation 176 of the SEBI ICDR Regulation, the bank said in an exchange filing.
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