Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: PNB sells entire 21% stake in ISARC for Rs 34 crore – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > Business > PNB sells entire 21% stake in ISARC for Rs 34 crore – Delhi News Daily
Business

PNB sells entire 21% stake in ISARC for Rs 34 crore – Delhi News Daily

delhinewsdaily
Last updated: June 17, 2025 3:37 pm
delhinewsdaily
Share
SHARE


State-owned Punjab National Bank on Tuesday said it has sold its entire 21 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) for Rs 34 crore.

In March, the Reserve Bank of India had granted approval for change in sponsor of the asset reconstruction company and equity raise from Authum Investment and Infrastructure Ltd, PNB said in a regulatory filing.

The bank has completed the sale of a 20.90 per cent stake on Tuesday, it said.

It sold 2.09 crore shares of the asset reconstruction company for Rs 16.29 per share, aggregating Rs 34.04 crore.

The bank had entered into a definitive agreement to sell its entire stake in ISARC in May.

ET logo

Live Events


For the financial year ended March 31, 2025, ISARC had earned a net profit of Rs 19.79 crore with a total income of Rs 36.4 crore. Prior to stake sale, ISARC was sponsored by SIDBI, Bank of Baroda, Punjab National Bank, and SIDBI Venture Capital Ltd.



Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Nintendo Direct Livestream Featuring Donkey Kong Bananza Announced for June 18 Donkey Kong Bananza is Getting a Direct Presentation This Week – Delhi News Daily
Next Article News18 ‘Whoever Goes With BJP…’: Sharad Pawar’s Veiled Jibe At Nephew Ajit Amid NCP Merger Buzz – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Twin towers, schools, bank: 9 major projects approved in 2024 now taking shape in Bahrain | World News – Times of India – Delhi News Daily
  • UAE announces petrol, diesel prices for August 2025: Check out what motorists will now pay | World News – Times of India – Delhi News Daily
  • Top 10 richest billionaires in the world: 9 out of 10 are Americans, only one among them belongs to….; here’s the list | World News – Times of India – Delhi News Daily
  • 25% US tariff not a structural threat to Indian market: Vikas Khemani – Delhi News Daily
  • India vs England 5th Test Preview: Can Shubman Gill’s India level the series at The Oval? – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

Business

Positive Breakout: These 10 stocks cross above their 200 DMAs – Upside Ahead? – Delhi News Daily

In the Nifty500 pack, 10 stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on July 17, according…

1 Min Read
Business

Ahead of Market: 10 things that will decide stock market action on Monday – Delhi News Daily

The Indian market extended losses for a second consecutive week on Friday, dragged down by concerns over a delayed U.S.…

6 Min Read
Business

Markets headed for new highs by Diwali, says Nischal Maheshwari; calls every dip a buying opportunity – Delhi News Daily

"So, you should be looking at doing something like in BFSI, autos, bit of FMCG. So, I am saying consumption…

3 Min Read
Business

Sebi shares Jane Street probe details with SEC – Delhi News Daily

Mumbai: The US Securities and Exchange Commission (SEC) has sought details from its counterpart in India about the Jane Street…

4 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?