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Indian Bank inks pact to offload entire 4% stake in ISARC

11 Apr 2022 Evaluate

Indian Bank has entered into Share Purchase Agreement for disinvestment of bank's entire equity stake of 4% in India SME Asset Reconstruction Company (ISARC) to Dhansamriddhi Finance at Rs 9.80 per share. The said stake sale is subject to obtaining requisite regulatory approvals.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.

Peers
Company Name CMP
State Bank Of India 984.50
PNB 116.80
Bank Of Baroda 232.40
Canara Bank 123.90
Union Bank Of India 177.45
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