Owned by state Punjab National Bank On Tuesday says the full 21 percent stake in India SME ass The restructuring company is limited (isarc) for Rs 34 crore.
In March, the reserve bank In India gives permission for renewal to the company to rebuild the asset and Shortness raise from Investment Insider and Infrastructure in Ltd., PNB said to a regulatory file.
The bank completed the sale of a 20.90 percent stake on Tuesday, it said.
It sells 2.09 crore ABOUT In company rebuilding asset for Rs 16.29 per share, unites Rs 34.04 crore.
The bank has entered a definite selling agreement across the isarc stake in May.
For financial year ended March 31, 2025, ISARC earned a net profit at Rs 19.79 crore with full income of Rs 36.4 crore. Before stake sales, Isarc supported Sidbi, Bank of BarodaPunjab National Bank, and Sidbi Capital venture Ltd.
