PNB Gilts Ltd (PNBG) declared dividend of Rs. 16.20 crore for FY 2010-11

PNBG, a subsidiary of Punjab National Bank (PNB) and the only listed Primary Dealer – a market maker in Government securities &  Corporate Bonds  declared final dividend @ Rs. 1.20 per share (i.e. 12%)  for 2010-11 as  declared in the Annual General Meeting held on 25^th June, 2011,for payment on 20^th July, 2011.

PNB is having 74.07% stake in the company, The Company officials presented a dividend cheque of Rs. 12 crores to the Chairman of PNB.