State-owned Punjab & Sind Financial institution on Monday mounted the ground worth of Rs 40.38 per share to lift funds by way of QIP. The financial institution has proposed to lift Rs 2,000 crore by way of Certified Institutional Placement (QIP).
The board in its assembly authorized and adopted the preliminary placement doc dated March 24, 2025, along with the applying type in reference to the problem, Punjab & Sind Financial institution mentioned in a regulatory submitting.
The board additionally authorized the ground worth of the problem at Rs 40.38 based mostly on the pricing method as prescribed by Sebi laws, it added.
The financial institution could supply a reduction of no more than 5 per cent on the ground worth so calculated for the problem, it mentioned.
