This article was first published 21 years ago

PNB offer subscribed 13 times

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The public offer of eight crore shares by Punjab National Bank, which closed on Friday, has attracted bids for 104.37 crore shares  - a subscription of 13 times.

According to data on the website of the National Stock Exchange, the maximum bids (ove
r 98 crore shares) have been made at the upper price band of Rs 390
per share.

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