Singapore Govt and Goldman Sachs Boost Stakes in PNB Housing Finance

The Singapore government, Monetary Authority of Singapore, and Goldman Sachs have collectively increased their stakes in PNB Housing Finance by investing Rs 178 crore through open market transactions. This purchase involved significant shares and resulted in a substantial change in the shareholding percentages of involved parties.

The Singapore government, Monetary Authority of Singapore, and Goldman Sachs on Thursday boosted their stakes in PNB Housing Finance with an investment of Rs 178 crore through open market purchases. The block deal data on the NSE revealed that the Singapore government bought 13.16 lakh shares, while the Monetary Authority of Singapore picked up 2.13 lakh scrips, and Goldman Sachs (Singapore) acquired 92,000 units.

The acquisitions were made at an average price of Rs 1,097.30 per share, totaling a deal value of Rs 178 crore. Concurrently, Asia Opportunities V (Mauritius), a foreign portfolio investor, sold 16.22 lakh shares or a 0.62% stake in PNB Housing Finance at the same price, according to NSE data.

Following the sale, Asia Opportunities V (Mauritius) reduced its shareholding in PNB Housing Finance from 5.19% to 4.57%. PNB Housing Finance shares fell by 0.25% to Rs 1,105.60 apiece on the NSE. Last month, Asia Opportunities V (Mauritius) offloaded a 3% stake in the company for over Rs 676 crore.

(With inputs from agencies.)