PNB terminates agreements to sell stake in housing finance arm

Date posted: Friday 17 May 2019

State-run Punjab National Bank has terminated the agreements with General Atlantic Group and Varde Partners to sell its stake in PNB Housing Finance (PNBHF). The bank said it will continue to be the sole promoter of PNB Housing Finance post the termination of the pacts and stay strategically invested in its housing finance arm.

(Economic Times)