Public issue of up to 80000000 equity shares of Rs 10 each for cash at a price of Rs 390 per equity share aggregating Rs 3120 crore (the issue) by Punjab National Bank (the bank or the issuer). The issue comprises of a net issue to the public of upto 64000000 equity shares of Rs 10 each (the net issue), a reservation for employees of up to 8000000 equity shares of Rs 10 each and a reservation for existing shareholders of upto 8000000 equity shares of Rs 10 each, at the issue price.