The bank may at its discretion offer a discount of not more than 5 per cent on the floor price.
However, the bank did not disclose how much it intends to mobilise through the QIP.
The bank has a headroom to raise about Rs 3,200 crore from share sale as per the board and shareholders nod of July 9 and August 4, 2020, respectively.
The board had given nod for mobilising Rs 7,000 crore from QIP in one or more than one tranches. Of this, the bank had raised Rs 3,788.04 crore from QIP in December following which the government holding in the bank came down from 85.59 per cent to 76.87 per cent.
PNB further said that a meeting of the Capital Raising Committee is scheduled to be held on Friday, May 14, 2021, to consider and determine the issue price, including a discount, if any, for the shares to be allotted to eligible Qualified Institutional Buyers.
The issue price will be determined by the bank in consultation with the Book Running Lead Managers appointed for the QIP Issue, it said.
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