Category: banking
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No stake sale, PNB to retain promoter status in pnb housing finance ltd
Punjab National Bank will continue as a promoter of PNB Housing Finance Ltd (PNBHFL) even after the mortgage lender completes its rights issue Post-rights issue, the holding of the bank (in PNBHFL) would come down below 30%, but would be kept above 26% so that bank retains promoter status**Presently, the bank doesnβt have any plan…