Home ยป Indian bank pays stake in ASREC
Business

Indian bank pays stake in ASREC

The board of public sector lender Indian Bank on Friday gave in-principle approval for partial or full disinvestment of its in ASREC India Limited.

A top bank official said, “The board met today and gave in-principle approval for full or partial disinvestment of in ASREC as part of the demonetisation move of non-core assets.” “The quantum of disinvestment will be decided at a later date on the basis of returns,” the official said. After the merger of Allahabad Bank with the joint venture, the stake of Indian Bank increased to 38.26%.

You have reached your limit for free articles this month.

Membership benefits included

Today’s paper

Get a -friendly version of the article from the newspaper of the day in an easy-to-read list.

unlimited access

Enjoy reading as many articles as you want without any limitations.

Personal recommendations

A selected list of articles that match your interest and taste.

Fast page

Move seamlessly between articles as our pages load instantly.

Dashboard

One--shop to see the latest updates and manage your preferences.

Talk

We inform you about the latest and most important events three times a day.

Support quality journalism.

* Our digital subscription plans currently do not include e-paper, crosswords and print.

About the author

admin

Add Comment

Click here to post a comment