PNB shares in focus after the company raised Rs 5,000 crore through QIP

Punjab National Bank has successfully raised Rs 5,000 crore through a qualified institutional placement, allocating about 48.19 crore equity shares at Rs 103.75 per share. The issue saw significant interest from institutional buyers, with bids totaling Rs 41,734 crore. This capital will enhance the bank's CET-1 Ratio and overall Capital Adequacy Ratio.