SECP approves Bank of Punjab’s Rs. 20 billion further share issue to Government of Punjab
Rights / BonusThe SECP approved The Bank of Punjab’s application to issue up to 523,560,209 ordinary shares to the Government of Punjab by way of an issue other than a right offer. The issue price is to be the higher of Rs. 38.20 per share or the prevailing market price increased by a 5% premium. The shares must be issued in book-entry form within 60 days of approval, subject to the stated conditions.
Key Findings
- SECP approval is dated October 26, 2026 and permits an issue of up to 523,560,209 ordinary shares to the Government of Punjab.
- The permitted issue is valued at approximately Rs. 20 billion in the first tranche.
- The issue price will be the higher of Rs. 38.20 per share or the prevailing market price plus a 5% premium.
- The shares must be issued in book-entry form within 60 days of approval; the Bank must notify the Commission and the Securities Exchange within seven days after issuance.
Corporate Action Details
Action
Further issue of shares other than a right offer to the Government of Punjab
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