Comments
Punjab National Bank will unlock value by selling a stake in its home finance subsidiary, PNB Housing Finance, though a ₹3,000-crore IPO that opens on Tuesday and closes on October 27. The price band has been set at ₹750-775 apiece. Post-IPO, PNB will reduce its stake in PNB HF to 38-39 per cent. Also, post-issue, PNB HF will cease to be a subsidiary of PNB. However, the bank will still be its single largest shareholder at around 30 per cent.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.