Question
Which bank is planning to raise Rs 250 crore through
share sale to institutional investors in the third quarter of the current fiscal that will help the bank achieve the twin objective of capital raising and dilution of the government's holding in the bank?Solution
Punjab & Sind Bank plans to raise Rs 250 crore through share sale to institutional investors in the third quarter of the current fiscal. It will help achieve the twin objective of capital raising and dilution of the government's holding in the bank.
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