Indian Bank to divest stake in JV, ASREC India Ltd

As part of monetization of Bank's Non-core Assets, the Board of Directors of Indian Bank in its meeting held on date i.e. 5.03.2021 accorded in-principal approval for partial / full disinvestment of Bank's stake in Joint Venture ASREC (India) Ltd. The Bank holds 38.26% stake in ASREC (India) Ltd.

Shares of INDIAN BANK was last trading in BSE at Rs.139.15 as compared to the previous close of Rs. 139.9. The total number of shares traded during the day was 142820 in over 1374 trades.

The stock hit an intraday high of Rs. 141.65 and intraday low of 137. The net turnover during the day was Rs. 19859044.

Source : Equity Bulls

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