The bank has an equity investment in ISARCL and the company had not declared a dividend for the current fiscal year.
The expected consideration to be received from such divestment is Rs4.85 crore. This transaction will be completed by Q3FY2022-23.
Dhansamridhi Finance Pvt. Ltd. does not belong to the company’s promoter/promoter group/group companies.
Punjab & Sind Bank’s stock was trading 2.37% higher at Rs17.30 against its previous close of Rs16.90 on NSE. It touched intraday high and low of Rs17.35 and Rs17.05 so far respectively.
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