Punjab National Bank to sell stake in housing finance firm, other units

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pnb housing finance Limited (PNBHFL) is an Indian public limited housing finance company (HFC), headquartered in New Delhi with branches in major cities across India. The company is promoted by Punjab National Bank and is registered with. to sell a 13.01% stake in PNB Housing Finance to private equity firm general.

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 · The public sector bank has already appointed merchant bankers to sell around 33 per cent stake in PNB Housing Finance. File Photo New Delhi : Fraud-hit Punjab National Bank is planning to buy a stake in financial technology firm capita-world, which will help it automate loan approval process, The Economic Times reported.

Punjab National Bank today said that it will divest stake in its subsidiary PNB Housing Finance Ltd. and other entities like BSE Ltd., ICRA Ltd.and Crisil Ltd. depending on market conditions.The sh.

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PNB said last month had said that it would sell up to 99,94,000. Public sector lender Punjab National Bank has raised over Rs 1,315 crore through sale of shares in subsidiary firm PNB Housing.

Punjab National Bank said today that it will divest stake in its subsidiary PNB Housing Finance and other entities like BSE, ICRA and Crisil depending on market conditions. The shedding of stake in non-core assets is part of PNB’s reforms agenda adopted in January this year. Get more India News and Business News on Zee Business.

Life Insurance Corporation of India (LIC) is an indian state-owned insurance group and investment company headquartered in Mumbai.It is the largest insurance company in India with an estimated asset value of 2,529,390 crore (US$370 billion)(2016). As of 2013 it had total life fund of 1,433,103.14 crore and total number of policies sold coming in at 367.82 lakh that year (2012-13).

On the other hand. Shares of PNB Housing Finance Ltd rose 4% to Rs 1,232.90 after the company on Tuesday said Punjab National Bank and US private equity investor the Carlyle Group are in the.

PNB: India Ratings and Research (Ind-Ra) has downgraded Punjab National Bank’s (PNB. Can Fin Homes: State-owned Canara.