PNB Gets RBI Approval to Invest ₹500 cr in PNB Housing Finance Rights Issue

"Post rights issue, the holding of the bank would come down below 30% but would be higher than 26% so that the bank retains promoter status," chief executive AK Goel said. The state-owned bank currently holds a 32% stake in the housing finance firm.

from Banking/Finance-Industry-Economic Times https://ift.tt/yTnDxhe