Punjab National Bank (PNB) has completed the sale of its 20.90% stake in India SME Asset Reconstruction Company Limited (ISARC) on 17 June 2025.
The sale was made as per the definitive agreement announced on 13 May 2025.
The cash consideration received from the sale is ₹34.04 crore for 2,09,00,000 shares at ₹16.29 per share.
RBI vide their letter dated March 25, 2025 has granted approval for Change in Sponsor and equity raise from M/s Authum Investment and Infrastructure Limited.
This transaction does not constitute a related party transaction.