<p class="title">State-owned Punjab and Sind Bank (PSB) seeks to raise up to Rs 500 crore through a qualified institutional placement (QIP) route.</p>.<p class="bodytext">The bank's board will meet on December 6 to consider and approve the fundraising, according to a BSE filing on Tuesday.</p>.<p class="bodytext">"A meeting of Board of Directors of Punjab & Sind Bank is scheduled for December 6, 2019, at New Delhi...to revalidate the approval for a further period of 12 months to issue of equity shares by way of QIP up to an amount of Rs 500 crore," the filing said.</p>.<p class="bodytext">The bank's stock was trading at Rs 20.15, up 0.50 percent from the previous close, on the BSE.</p>
<p class="title">State-owned Punjab and Sind Bank (PSB) seeks to raise up to Rs 500 crore through a qualified institutional placement (QIP) route.</p>.<p class="bodytext">The bank's board will meet on December 6 to consider and approve the fundraising, according to a BSE filing on Tuesday.</p>.<p class="bodytext">"A meeting of Board of Directors of Punjab & Sind Bank is scheduled for December 6, 2019, at New Delhi...to revalidate the approval for a further period of 12 months to issue of equity shares by way of QIP up to an amount of Rs 500 crore," the filing said.</p>.<p class="bodytext">The bank's stock was trading at Rs 20.15, up 0.50 percent from the previous close, on the BSE.</p>