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Punjab National Bank sells stake in PNBHFL

05 Dec 2017 Evaluate

Punjab National Bank (PNB) has successfully sold 98,15,860 equity shares of PNB Housing Finance (PNBHFL) to different investors (Non Retail and retail) at above the floor price /cut off price, with gross sales consideration of Rs 1315.33 crore.

Punjab National Bank is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.

Peers
Company Name CMP
State Bank Of India 937.60
PNB 115.65
Bank Of Baroda 234.35
Canara Bank 117.40
Union Bank Of India 171.80
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