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.
–IANS
This website uses cookies.