Date:04/03/2005 URL: http://www.thehindu.com/2005/03/04/stories/2005030419080300.htm

Karnataka - Bangalore

Bank's public issue launch on Monday

By Our Special Correspondent

BANGALORE, MARCH 3. Punjab National Bank is set to launch its follow-up public issue from March 7 to March 11, offering eight crore equity shares of Rs. 10 each at a price to be determined through book building. The bank's Executive Director, K.C. Chakrabarty, said 10 per cent would be reserved for employees and an equal quantity for existing shareholders. The price band will be announced a day before the issue opens.