Business Standard

PNB sells stake in ICRA for over Rs 108 cr


IANS Mumbai
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.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 29 2018 | 10:06 PM IST

Explore News