Mumbai: Punjab National Bank has put its stake in CRIF High Mark, a credit information company that tracks individual and corporate payment history, on sale as it looks to sell all non-core investments and offset the delay in monetising its stake in life insurance business.
State-owned PNBNSE -0.71 % has put up its 3.98 per cent of CRIF High Mark Credit Information Services on sale. Other investor in the company, Alpha Micro Finance Consultants, has put up its 1.99 per cent of the paid- ..
“Both PNB and Alpha Micro Finance intend to sell their respective entire shareholding in CRIF High Mark,” said the company in a statement. They together own 6 per cent in the credit information bureau.
PNB Investment Managers are running the process to find a buyer, and the floor price of the shares is Rs 103 per share. The company services credit information bureau which covers credit information for borrower segments including micro small and medium enterprises and commercial borrowers, retail consumers and microfinance borrowers across urban or rural areas spread across India. It has a large database of individuals and businesses from over 3000 financial institutions.
Apart from PN ..
PNB has been looking to disinvest stakes in PNB Housing Finance, Icra, Crisil and BSE to raise capital and monetise investments. PNB is in the final stages of selling stake in PNB Housing Finance, which could fetch a large sum to the bank
State-owned PNBNSE -0.71 % has put up its 3.98 per cent of CRIF High Mark Credit Information Services on sale. Other investor in the company, Alpha Micro Finance Consultants, has put up its 1.99 per cent of the paid- ..
“Both PNB and Alpha Micro Finance intend to sell their respective entire shareholding in CRIF High Mark,” said the company in a statement. They together own 6 per cent in the credit information bureau.
PNB Investment Managers are running the process to find a buyer, and the floor price of the shares is Rs 103 per share. The company services credit information bureau which covers credit information for borrower segments including micro small and medium enterprises and commercial borrowers, retail consumers and microfinance borrowers across urban or rural areas spread across India. It has a large database of individuals and businesses from over 3000 financial institutions.
Apart from PN ..
PNB has been looking to disinvest stakes in PNB Housing Finance, Icra, Crisil and BSE to raise capital and monetise investments. PNB is in the final stages of selling stake in PNB Housing Finance, which could fetch a large sum to the bank
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