Punjab National Bank (PNB) — Offer Document

Punjab National Bank divested its stake in associate Canara HSBC Life Insurance Company Limited from 23% to 13% through an Offer for Sale in the company's IPO. PNB sold 9.5 crore shares at ₹106 per share, generating ₹1,007 crores in cash consideration. The transaction completed on 17 October 2025. Canara HSBC reported FY24-25 net worth of ₹1,516.90 crores with profit after tax of ₹117 crores. This is not a related-party transaction; shares were offered publicly.

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About Punjab National Bank (PNB)

Financial Services · Banks · Listed on NSE

Market Cap: ₹1,17,285.49 Cr P/E: 6.9

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