Punjab National Bank (PNB) has divested 3.33% stake in rating agency Icra for nearly Rs.109 crore, through open market transactions.

As per the block deal data available with the BSE, PNB sold 3.30 lakh shares, amounting to 3.33% stake in Icra. The shares were offloaded at an average price of Rs.3,291, resulting into a transaction of Rs.108.60 crore. Moreover, all the shares were bought by IIFL Management Services.

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