PNB sells stake in ICRA for over Rs 108 cr

Sarkaritel
By Sarkaritel June 30, 2018 11:03


Mumbai, June 30  State-run Punjab National Bank (PNB) on Friday said that it has sold its entire stake in credit ratings agency ICRA for Rs 108.60 core.

According to a BSE filing, the bank sold its entire stake of 330,000 shares of ICRA through “Block” deal on Thursday.

The stake sales comes after the multi-crore fraud-hit lender said that its Board had on June 8 authorised the management to initiate “the process and take appropriate decision to disinvest stake” in PNB Housing Finance, ICRA, CRISIL and BSE to implement PSB’s reforms agenda.

Sarkaritel
By Sarkaritel June 30, 2018 11:03