PNB Gets Nod to Sell Partial Stake in PNB Housing

Posted By: Religare
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Punjab National Bank (PNB) said that it has received its board's approval to sell partial stake in PNB Housing Finance .

PNB Gets Nod to Sell Partial Stake in PNB Housing
Punjab National Bank: Quotes, News
BSE 125.65BSE Quote2.7 (2.15%)
NSE 125.55NSE Quote2.7 (2.15%)

PNB Housing Finance Ltd will continue to be a core associate of Punjab National Bank, the public sector bank said in a filing to the Bombay Stock Exchange.

The Board in its meeting held on November 2, 2017 has also approved to offload entire stake in Principal PNB Asset Management Company and Principal Trustee Company.

Meanwhile, shares of the Bank were trading at Rs 200.40 apiece, up 1.57 per cent from the previous close at 11:03 hours on BSE.

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