To approve the allotment of 16,43,70,768 shares of Rs.2 each at a premium of Rs.126.49 per share amounting to Rs. 2112 crores to Government of India, an extra ordinary General meeting of Punjab National Bank was held at New Delhi. Addressing the shareholders, Managing Director and CEO, Usha Ananthasubramanian, told the shareholders that post-issue, Government of India’s shareholding in the bank will increase from 62.08 % to 65.01%.