PNB sells stake in ICRA for over Rs 108 cr

Last Updated: Sat, Jun 30, 2018 13:56 hrs
Punjab National Bank

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.

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