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PNB  looking to sell  stake  in NCDEX, Pridhvi ARC

Mint  

Punjab National Bank (PNB) is looking to sell its stake in Pridhvi Asset Reconstruction and Securitisation Co Ltd and National Commodity & Derivatives Exchange Ltd, or NCDEX, to free up capital to expand lending. While PNB owns 10% in Pridhvi ARC, its stake in NCDEX is at 7.29%. The lender wants to hire legal advisers and other intermediaries to prepare the required documents and to manage the divestment process.