As per the disclosure made by the lender, Citigroup Global Markets Mauritius Pvt. has been allotted 21.8% of the overall QIP issue, BofA Securities Europe SA ODI was allotted 8.3%, SBI Contra Fund 7.9%, Morgan Stanley Asia (Singapore) Pte. 5.9%, and Goldman Sachs (Singapore) Pte. 5.8%.

PNB raises ₹5000 crore through QIP, attracting diverse investors and strengthening capital adequacy ratios, with marquee investors participating.

Shares of PNB are witnessing a weak trend in recent times, with a decline of 8 per cent in three months, underperforming Sensex and BSE Financial Services.

This comes shortly after Spicjet settled all salary arrears for its employees, marking a series of positive developments for the airline

The QIP, which launched on September 23 and closed on September 26, received an overwhelming response from the market. Shares of Punjab National Bank ended at ₹109.25, up by ₹1.95, or 1.82%, on the BSE.

Punjab National Bank raised Rs 5,000 crore through a qualified institutional placement, allotting over 48.19 crore equity shares to QIBs at Rs 103.75 each. Major buyers included Citi Group Global Markets Mauritius,

It stated that the bank's QIP issue was available for subscription from September 23 to September 26, 2024. 'The bank received bids totalling Rs 41,734 crore for the QIP issue from Qualified Institutional Buyers (QIBs),