| Punjab & Sind Bank IPO will be up for grabs soon |
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| Written by Site Administrator |
| Wednesday, 14 October 2009 11:11 |
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One of India’s unlisted public sector banks, Punjab & Sind Bank is planning to dilute government holding by about 20 to 25% by March 2010. These holdings will be offered to public in the form of Initial Public Offers. The bank is preparing for the public issue. Last year, they have restructured their equity structure to make the shares more attractive. They are currently preparing themselves to get the necessary approvals from RBI, the Bank’s board and the Finance Ministry. The Bank is hoping to raise long term Tier I capital through these IPOs. These funds are likely to the future growth of the Bank. Comments (0) |
| Last Updated on Wednesday, 14 October 2009 11:14 |