The financial institution plans to situation 24.10 crore shares as a part of the bottom situation, with the choice to extend to 48.19 crore shares if the problem is upsized.
The bottom situation represents 2.19% of the pre-issue excellent fairness capital, whereas the upsized situation would account for 4.38%.
Shares of PNB, which have surged 46% over the previous yr in comparison with a 19% achieve within the Financial institution Nifty, closed at Rs 111.51 on Monday.
In an trade submitting, the financial institution introduced that its board has set a ground worth of Rs 109.16 per share for the share sale. The financial institution had obtained board approval final yr to boost as much as Rs 7,500 crore via share gross sales in a number of tranches through the 2024-25 fiscal yr.
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The ground worth of Rs 109.16 per share relies on the pricing method prescribed below Regulation 176 of the SEBI ICDR Regulation, the financial institution stated in an trade submitting.
