PNB Gets Nod to Sell Partial Stake in PNB Housing

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 70.80BSE Quote0.8 (1.13%)
    NSE 70.75NSE Quote0.75 (1.06%)

    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.

    Read more about: punjab national bank
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