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PNB to hold roadshow for proposed QIP

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Punjab National Bank (PNB) on Saturday stated it could hold a roadshow for the proposed ₹7,000 crore certified institutional placement (QIP) subject subsequent week.

The financial institution can be taking part once more within the non-deal roadshow and assembly potential buyers on December 7-8, PNB stated in a regulatory submitting. The financial institution has taken approval for elevating ₹7,000 crore by Qualified Institutional Placement (QIP) route this fiscal.

In a non-deal roadshow, nothing is for sale, a financial institution official stated, including it was a possibility to talk about and develop curiosity in an upcoming provide.

The financial institution has already taken approval from the board for elevating ₹14,000 crore by means of Tier II, Additional Tier 1 (AT-1) bonds and QIP.

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