Punjab National Bank (PNB) has sold its entire 21 per cent stake in India SME Asset Reconstruction Company (ISARC) for Rs 34 crore. It sold 2.09 crore shares of the asset reconstruction company for Rs 16.29 per share. The bank had entered into a definitive agreement to sell its entire stake in ISARC in May.
PNB 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.
