India's Punjab & Sind Bank rises on share offer to govt

Punjab & Sind Bank

17/02/2022 07:20

** Shares of the state-run bank  PUNA.NS  rise as much as
5.5% to 17.4 rupees in their third straight session of gains
    ** Says https://bit.ly/3t6cObV will offer shares worth up to
46 bln rupees ($612.70 mln) to the Indian government via a
preferential issue
    ** Stock is the top gainer on the Nifty public sector banks
index  .NIFTYPSU  
    ** Up to last close, stock had risen 2.5% this year vs a
13.2% gain in the Nifty PSU bank index
    ** PUNA climbed 21.1% in 2021 
    
($1 = 75.0775 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))