Punjab and Sind Bank plans IPO, seeks cash from Govt: "New Delhi: Punjab and Sind Bank, India's only fully state-owned lender, plans to launch an initial public offering in June-July to raise between Rs 400 crore and Rs 500 crore to expand its business, chairman GS Vedi said Monday.
After the IPO, the government's stake in the bank is likely to fall to 82 percent, Vedi told reporters at a news conference."
Monday, April 26, 2010
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