New Delhi, December 9
Punjab National Bank today announced
that it will sell 26 per cent stake in subsidiary
PNB Housing Finance to Destimoney Enterprises
Private Limited for Rs 79.17 crore.
The bank would sell 78 lakh shares in its
wholly-owned housing finance subsidiary
at Rs 101.5 each, the bank's CMD KR Kamath
told reporters here after signing an agreement
with Destimoney.
Destimoney will have the option to raise its
shareholding in the housing finance company
up to 49 per cent, a Bombay Stock Exchange filing by PNB said.
Source :PTI
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