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Business Services >  Financial Institutions > PNB Gilts Ltd
PNB Gilts Ltd
In the year 1996 Reserve Bank of India introduced the system of Primary Dealers with a view to strengthen the institutional infrastructure of Government Securities market. Six entities were granted licenses of which PNB Gilts was one.

The Company was established as a wholly owned subsidiary of Punjab National Bank with an initial paid up capital of Rs 50 crores which is also the minimum capital requirement for a Primary Dealer. The Company decided to expand its capital base & came with an IPO of Rs 3.5 crore shares at an offer price of Rs 30/- per share aggregating Rs 105 crore in July 2000.

This increased the paid up capital of the Company to Rs 135.01 crores and reduced the holding of Punjab National Bank to 74.07%. The Company has well-defined systems and procedures. The Internal Control & Management systems are in place and are in accordance with the guidelines issued By the Regulatory Authorities.

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Office Address: #4th Floor, PNB Bldg
5 Sansad Marg
New Delhi, DH, 110001
Phone: +91-11-23325759, 5779
Fax: +91-11-23730537
Send Mail
Contact Us: PNB House, Sir P.M.Road
Fort
Mumbai, MH, 400001
Phone: +91-22-22693314, 17, 22614823
Fax: +91-22-22691811, 2692248
Contact Us: Navdeep House, Near Income Tax Circle
Ashram Road
Ahmedabad, GJ,
Phone: +91-79-7582506/07
Fax: +91-79-7541808
Contact Us: C/o PNB Back Office, 3rd Floor, Kuralagam Building
NSC Bose Road
Chennai, TN, 600108
Phone: +91-44-28591750, 28547502
Fax: +91-44-28591751
Contact Person: Phone: +91-11-23325759
Send Mail
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The Company was established as a wholly owned subsidiary of Punjab National Bank with an initial paid up capital of Rs 50....


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