PNB sells 1.5 lakh shares of Zyden Gentec: Report

Punjab National Bank (PNB) has reportedly sold 1.5 lakh shares or 1.34% stake of Zyden Gentec through the open market route. The shares were sold on an average price of Rs 24.95 valuing the transaction to Rs 37.40 lakh.

Punjab National Bank has reported a fall of 52.56% in its net profit at Rs 505.49 crore for the quarter ended September 30, 2013 as compared to Rs 1065.58 crore for the same quarter in the previous year. However, total income of the bank increased by 2.63% at Rs 11632.84 crore for quarter under review as compared to Rs 11335.17 crore for the quarter ended September 30, 2012.