Punjab and Sind Bank is planning to mobilise up to Rs 3,000 crore through a private placement share sale, aiming to comply with SEBI’s minimum public shareholding (MPS) norms. The public sector lender’s move signals a balance between meeting regulatory requirements and strengthening capital plans as it navigates market rules for listed companies.
SEBI has granted a one-time breather to listed companies that are struggling to meet minimum public shareholding norms, citing market volatility linked to West Asian geopolitical tensions. For compliance deadlines between April 1 and September 30, 2026, the regulator says it will not initiate penal action, effectively pausing enforcement during the window.
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