PNB Housing Finance shares surge 10% amid block deal; General Atlantic Singapore Fund looks to exit
General Atlantic Singapore Fund FII Pte Ltd was planning to sell its entire 5.13% stake in PNB Housing Finance, aiming to raise ₹1,033 crore.
General Atlantic Singapore Fund FII Pte Ltd was planning to sell its entire 5.13% stake in PNB Housing Finance, aiming to raise ₹1,033 crore.
Carlyle through its entity, Quality Investment Holdings, plans to sell 6.4% stake in PNB Housing Finance at a floor price of ₹775 apiece
Asia Opportunities V Mauritius and General Atlantic Singapore Fund were looking to offload shares worth ₹500 crore in PNB Housing via block deal.
Last week, ICRA and CARE upgraded PNB Housing Finance's long-term ratings, citing its improved asset quality metrics as well as strengthened capitalisation profile.
PNB Housing Finance recently launched its 100th Roshni branch in India and plans to take the total number to 160 by the end of FY24
The board of PNB Housing Finance has approved the issuance of non-convertible debentures aggregating up to ₹5,000 crore on a private placement basis.
The board of PNB Housing Finance on Tuesday approved the issuance of non-convertible debentures aggregating up to ₹2,000 crore on a private placement basis.
The Sensex and Nifty are set to open on a subdued note on Wednesday, tracking muted trends on the SGX Nifty futures as caution prevailed in the market ahead of Fed’s policy announcement.
Carlyle-Puri move to invest ₹4,000 crore in PNB Housing Finance will await the outcome of a legal scrutiny by the Securities Appellate Tribunal.