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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.
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Vishal Mega Mart promoter Samayat Services sold 90 crore shares worth 10,220 crore via block deals. SBI MF, HDFC MF, and Kotak MF acquired over 3,600 crore worth. The shares were sold at a 9% discount to market price.
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The fine comes as the DNA testing firm, which filed for bankruptcy in March, is set to be sold to a new owner.
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