Punjab National Bank: Issuance / Allotment of Equity Shares of the Bank in favour of GOI on Preferential Basis

Punjab National Bank has informed BSE that the Bank has allotted 15,09,657 Equity Shares in favour of Government of India ("GOI") as under:

No. of Equity Shares - 15,09,657
Face value of Equity Shares - Rs 1,50,96,570 (Rs 10 per Equity Share)
Share Premium - Rs 182,49,03,430
Aggregate Amount - Rs 184 Crore

However the Equity Shares will be credited in DP Account of GOI with SBI on receipt of Final approval from NSE & BSE, after completion of post-issue compliances, as directed vide their letters dated March 25, 2011.