Union Bank of India to sell 8% stake in India SME Asset Reconstruction Company

7 Apr 2022 , 10:15 AM

Union Bank of India has executed an agreement on April 06, 2022 for sale of its 8% stake in India SME Asset Reconstruction Company Limited in favour of Dhansamridhi Finance Pvt Ltd.

“The said stake sale is subject to obtaining requisite regulatory approvals,” company said in a filing on Wednesday.

At around 10.18 am, Union Bank of India was trading at Rs43.95 per share up by Rs0.3 or 0.69% from its previous closing of Rs43.65 per share on the BSE.

The scrip opened at Rs44.40 and has touched a high and low of Rs44.40 and Rs43.75 respectively.