Punjab National Bank: Exits ISARC Stake for ₹34 Crore

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has sold its entire 21% stake in India SME Asset Reconstruction Company Ltd (ISARC), amounting to 2.09 crore shares, for ₹34.04 crore at ₹16.29 per share. The sale follows RBI's March approval for a change in ISARC's sponsor and equity infusion by Authum Investment and Infrastructure Ltd.