PUNJAB & SIND BANK - Board Meeting Outcome for Outcome Of Board Meeting
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| 28 Feb 2024 | |
| Further to our intimation No Ref No: PSB/HO/Shares Cell / 86 /2023-24 dated February 23, 2024, we hereby inform that the Board of the Bank in its meeting held today i.e. on 28th February, 2024 has, inter alia, approved the following agenda item: 1) To raise capital up to an amount and aggregating to Rs.2000 crore in any combinations(s) thereof and in one or more tranches within a period of 12 months from the date of approval by way of issue of: a) Equity shares through Public Issue (Follow on Public Offer) / Rights Issue / Qualified Institutional Placement(s) / Preferential Issue or any other mode or combination(s) thereof b) Bonds in the form of Basel III compliant Additional Tier I Bonds / Basel III compliant Tier II Bonds. The Board Meeting commenced at 11:00 a.m. and concluded at 07:15 p.m. | |
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