Punjab National Bank: issuance / Allotment of 15,09,657 Equity Shares of the Bank aggregating to Rs. 184 crore in favour of Government of India on Preferential Basis

Punjab National Bank has informed BSE that Government of India, Ministry of Finance, Department of Financial Services vide letter dated March 15, 2011 decided to infuse a sum of Rs. 184 crore (Rupees one hundred eighty four crore only) in the Bank by way of preferential allotment of equity shares in favour of GOI. Thus, the price was worked out to Rs. 1218.82 per equity share as per SEBI (ICDR) Regulations and number of shares to be allotted worked out to 15,09,656.88. Accordingly, keeping in view the said infusion of Rs. 184 crore, 15,09,657 Equity Shares were allotted.