Punjab National Bank announces QIP at ₹109.16 apiece floor price: Check details

The floor price for the equity shares has been set at ₹109.16, the country’s second-largest PSU bank said in a statement on Monday.

The floor price for the equity shares has been set at ₹109.16, the country’s second-largest PSU bank said in a statement on Monday.

The Nifty Bank has now gained for eight days in a row and from the closing levels of September 11, the banking index has already gained 3,000 points.

The company may opt for fundraising through permissible avenues such as a rights issue, preferential issue, or qualified institutions placement (QIP), subject to necessary regulatory and statutory approvals. Shares of Thangamayil Jewellery Ltd ended at ₹2,335.55, up by ₹105.45, or…

stocks to watch, Punjab National Bank, Firstsource Solutions, Power Grid, GR Infraprojects, Thangamayil Jewellery, BGR Energy Systems and more, these are the stocks to watch for today.

The project involves the installation of dynamic reactive compensation systems (STATCOMs) at Khavda pooling stations along with the extension of associated bays. Shares of Power Grid Corporation of India Ltd ended at ₹341.05, down by ₹0.10, or 0.029%, on the…

Upon completion of the transaction, Ascensos will become a subsidiary of Firstsource Solutions UK and in turn a step-down subsidiary of Firstsource Solutions. Shares of Firstsource Solutions Ltd ended at ₹314.90, up by ₹3.80, or 1.22%, on the BSE.

Given the company’s strong fundamentals, strategic focus, and robust investor response, analysts said that Arkade Developers is well-positioned for a successful listing and potential long-term growth.

The project, awarded by Maharashtra Metro Rail Corporation Ltd (Maha Metro), covers reach-1A of the Nagpur Metro’s phase-2 expansion. Shares of G R Infraprojects Ltd ended at ₹1,665.05, up by ₹35.35, or 2.17%, on the BSE.

The Chennai Metropolitan Water Supply and Sewage Board issued the termination letter due to delays in project execution and concerns over the quality of the RO-treated water. Shares of BGR Energy Systems Ltd ended at ₹51.31, up by ₹1, or…

A fresh SEBI analysis uncovers that nine out of ten individual traders in equity futures and options (F&O) have suffered major financial losses. Over three years, retail investors collectively lost Rs 1.8 lakh crore, with most continuing despite ongoing setbacks.