Major Stake Sales and Purchases in PNB Housing Finance

Asia Opportunities V (Mauritius) sold a 3% stake in PNB Housing Finance for Rs 676 crore, while the Government of Singapore acquired 16 lakh shares for Rs 143.74 crore. This transaction reduced Asia Opportunities V's holding to 2.19%. Details of other buyers remain unidentified.

Asia Opportunities V (Mauritius) has offloaded a significant 3 per cent stake in PNB Housing Finance, valued at over Rs 676 crore, in an open market transaction. Concurrently, the Government of Singapore has acquired 16 lakh shares of the same company for Rs 143.74 crore.

According to bulk deal data on the BSE, Asia Opportunities V (Mauritius) divested 78 lakh shares at Rs 866.70 each, bringing the total deal value to Rs 676.02 crore. As a result, their shareholding in PNB Housing Finance has dropped from 5.19 per cent to 2.19 per cent.

Meanwhile, the Singapore government purchased a total of 16,59,784 shares or a 0.64 per cent stake in the state-owned Punjab National Bank arm at an average price of Rs 866.05 on the BSE. Other buyers of PNB Housing Finance's shares remain unidentified.

Shares of PNB Housing Finance Ltd closed 2.94 per cent lower at Rs 867.20 on the BSE. The company has seen several stake sales recently, including transactions involving General Atlantic, Pioneer Investment Fund, and Carlyle Group.

(With inputs from agencies.)