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| Exchange Disseminated Time | | Punjab & Sind Bank has informed BSE that the Board of Directors of the Bank has approved raising of capital through preferential issue of equity shares up to Rs. 1,000 crores at a rate to be decided in terms of SEBI [ICDR] Regulations and/or any other instrument covered under Tier-I capital, to the Government of India and/or to other institutions subject to necessary approvals from Reserve Bank of India and Government of India. The Chairman & Managing Director and in his absence the Executive Director has been authorized to take all decisions/steps relating to planning, convening, conducting extra ordinary general meeting for preferential Issue of equity shares and/or any other instrument covered under Tier-I capital and any other matter relating thereto. |
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