Punjab National Bank planning to buy over 9% stake in ONDC

30 Nov 2021 Evaluate

Punjab National Bank (PNB) is planning to invest as a promoter in Open Network for Digital Commerce (ONDC) by buying over 9 per cent stake in the company. ONDC is yet to be incorporated. ONDC is being established with a mandate to develop an open network for digital commerce.

The Bank’s participation in ONDC is 9.5 per cent equity capital in the company, or Rs 25 crore, whichever is lower. Such investment will be made in one or more tranches.

PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.

PNB Share Price

101.00 2.75 (2.80%)
16-Jan-2025 12:11 View Price Chart
Peers
Company Name CMP
SBI 763.00
Bank Of Baroda 229.65
Canara Bank 97.65
PNB 101.00
Union Bank Of India 110.30
View more..
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.