Punjab & Sind Bank has set the floor price at Rs 40.38 per share to raise Rs 2,000 crore through Qualified Institutional Placement. The board approved the preliminary placement document and may offer a discount of up to 5 per cent on the floor price as per Sebi regulations.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next