Nuvama Spearheaded Demand Mobilization in a 11 bank Syndicate for the Qualified Institutional Placemen for Indias second largest public sector bank, Punjab National Bank (“PNB). Nuvama reached the highest share in terms of amount procured (~18%) and highest share in terms of number of investors (~24%) in a deal with a size of about INR 50,000m (~USD 600m).
The offering received an overwhelming response from investors – a testimony to strong financial performance demonstrated by Punjab National Bank. Nuvama worked closely with the Bank through the entire QIP process to ensure smooth and successful closure. This was the third transaction of Nuvama for PNB.
Nuvama Wealth Management Limited
Advised in the sale of
Punjab National Bank
to