PNB sells stake in MF business

PNB logo


Punjab National Bank (PNB) has sold its entire stake in the joint venture with Principal Financial Group, according to reports.

Report says that Principal Financial Group and PNB announced the signing of a shares purchase agreement.

Principal Pnb Asset Management Company is the investment manager to Principal Mutual Fund.It offer a wide range of innovative investment solutions for both retail and institutional investors and adhere to the strategic principles of rigorous risk control, process-orientation and superior research to support our investment decisions. It manage assets for over 4 lakh customers, through 102 investor centres with over 20,000 empanelled distributors across the country.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.