Punjab National Bank inches up on inking pact to sell entire stake in ISARC
Punjab National Bank is currently trading at Rs. 98.25, up by 0.35 points or 0.36% from its previous closing of Rs. 97.90 on the BSE.
The scrip opened at Rs. 98.25 and has touched a high and low of Rs. 98.50 and Rs. 97.80 respectively. So far 125648 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 138.50 on 03-Jun-2024 and a 52 week low of Rs. 85.50 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 98.55 and Rs. 89.45 respectively. The current market cap of the company is Rs. 112918.17 crore.
The promoters holding in the company stood at 70.08%, while Institutions and Non-Institutions held 20.37% and 9.54% respectively.
Punjab National Bank (PNB) has entered into an agreement to sell its entire stake in India SME Asset Reconstruction Company (ISARC). PNB will sell 2.09 crore shares at Rs 16.29 per share, resulting in a sale consideration of over Rs 34.04 crore. The stake sale is expected to be completed by the end of the June quarter.
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 corporinanate and personal banking, industrial finance, agricultural finance and international finance
