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MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Punjab National Bank    PNB   INE160A01022

PUNJAB NATIONAL BANK

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Punjab National Bank : Kazakh bank increases authorized capital

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03/15/2019 | 11:16pm EDT

The authorized capital of Kazakhstan-based Tengri Bank has increased by 4 billion tenge, Trend reports via Kazakh media.

"Tengri Bank has increased the number of its shareholders via foreign businessmen investing in the Kazakh economy. Earlier, the board of directors of the bank decided to place shares through subscription among an unlimited number of investors. The placement price of one share made up 1,050 tenge," the bank said.

Thus, four foreign companies entered the authorized capital of Tengri Bank. From November 2018 to February 2019, the bank placed 3,894,500 ordinary shares. Thus, the authorized capital of the bank increased by 4,089,225,000 tenge.

It should be noted that in October last year, Moody's Investors Service Ltd international rating agency assigned the long-term local and foreign currency deposit rating of B2 to Tengri Bank. This reflects the agency's opinion on the bank's ability to meet its financial obligations.

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

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Financials (INR)
Sales 2019 249 B
EBIT 2019 116 B
Net income 2019 -52 407 M
Debt 2019 -
Yield 2019 1,98%
P/E ratio 2019 -
P/E ratio 2020 10,26
Capi. / Sales 2019 1,63x
Capi. / Sales 2020 1,46x
Capitalization 406 B
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Technical analysis trends PUNJAB NATIONAL BANK
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 29
Average target price 83,0  INR
Spread / Average Target -5,9%
EPS Revisions
Managers
NameTitle
Sunil Mehta MD, Chief Executive Officer & Director
Sunil Mehta Non-Executive Chairman
P. K. Sharma Chief Financial Officer & General Manager
Sudhir Nayar Director
Rabi N. Mishra Non-Executive Director
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