PNB pares nearly 2% stake in ICRA

Punjab National Bank has reduced its stake in ratings and research firm ICRA by around 2 per cent in the last 10 years.

The ratings agency in a filing to BSE said that PNB reduced its stake in the company by 1.94 per cent or 3,40,000 shares, through an open market sale for an undisclosed amount during July 4, 2008, to March 21, 2018 period.

Punjab National Bank (PNB) held nearly 5.32 per cent stake, equivalent to 5,31,882 shares in ICRA before the stake sale, the ratings firm said.

PNB shares closed 1.18 per cent down at Rs 96.45 on BSE while ICRA moved down 0.33 per cent at Rs 3,650 apiece.

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