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The latest announcement is out from Punjab & Sind Bank Ltd. ( (IN:PSB) ).
Punjab & Sind Bank has announced the closure of its qualified institutions placement of equity shares, with the issue price set at ₹38.37 per share, reflecting a discount to the floor price. This strategic move aims to strengthen the bank’s capital base and enhance its financial stability, potentially impacting its market position and offering growth opportunities for stakeholders.
More about Punjab & Sind Bank Ltd.
Punjab & Sind Bank Ltd. operates in the banking industry, providing financial services and products primarily focused on serving the needs of its customers through various banking solutions.
YTD Price Performance: -8.53%
Average Trading Volume: 109,537
Current Market Cap: 315.8B INR
See more insights into PSB stock on TipRanks’ Stock Analysis page.