Punjab and Sind Bank to consider raising up of equity capital

New Delhi: The shares of government-owned Punjab and Sind Bank are surged marginally by 0.11% to Rs 26.76 as the Bank has announced that it will hold an Extraordinary General Meeting (EGM), scheduled to be held on January 21, 2026.

The Bank has announced the exchanges about the Notice of Extraordinary General Meeting (EGM) scheduled to be held on January 21, 2026.

The Bank is going to hold the meeting to consider and approve raising of equity capital up to an amount of Rs.3000 crore by way of QIP.

The bank seeks approval of shareholders to create, offer, issue and allot Fresh Equity Shares of Face Value of Rs10/- (Rupees Ten only) each up to an amount of Rs.3000 crore (including premium) by way of Qualified Institutional Placement, on such terms and conditions as may be decided by the Board/Committee in its absolute discretion.

Further, the Bank has fixed Wednesday, the 14th January 2026 as the specified date / cut-off date for shareholders attendance at the meeting and voting.