PNB shares in focus following completion of 21% stake sale in India SME Asset Reconstruction Company

Punjab National Bank (PNB) shares are likely to be in focus on Wednesday, June 18, after the lender announced the completion of its stake sale in India SME Asset Reconstruction Company Limited (ISARC). The bank has offloaded its entire 20.90% stake in the associate company for a total cash consideration of Rs 34.05 crore.

The stake sale, completed on June 17, involves the transfer of 2.09 crore shares for Rs 16.29 per share.

The development follows an earlier communication dated May 13, 2025, in which PNB informed the stock exchanges of its definitive agreement to divest its entire stake in ISARC. The Reserve Bank of India (RBI) had approved a change in sponsor and equity ownership from M/s Auhm Investment and Infrastructure.

According to disclosures made by the bank, ISARC reported a total income of Rs 36.40 crore and a profit after tax (PAT) of Rs 19.79 crore for the financial year ended March 31, 2025. The company’s total assets stood at Rs 150.08 crore, while its capital base was reported at Rs 149.48 crore as of the same date.

The agreement for the sale was originally signed on May 13, 2025, and the transaction was completed as scheduled on June 17.

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PNB share price history

Over the past year, the stock of PNB has declined by 17.84%. On a year-to-date (YTD) basis, it has registered a gain of 3.12%. Over the last 6 months, the stock has remained largely flat with a marginal dip of 0.09%. In the last three months, it has risen by 21.08%, while the one-month performance shows a gain of 7.08%.On Tuesday, the PNB shares closed 0.84% lower at Rs 105.90 on the BSE.

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