PNB sells stake in ICRA for over Rs 108 cr
Friday - June 29, 2018 10:06 pm ,
Category : BUSINESS
PNB sells stake in ICRA for over Rs 108 cr
Mumbai June 29 (IANS) 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.
--IANS rv/bg
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.
--IANS rv/bg
