After the sale of sharesAsia Opportunities V (Mauritius)’s stake in PNB Housing Finance has been reduced from 5.19 percent to 2.19 percent.
At the same time, the Singapore government purchased a total of 1,659,784 shares, or 0.64 per cent of the shares, of state-owned Punjab National Bank at an average price of Rs 866.05 apiece on the BSE.
Details of the other buyers of PNB Housing Finance shares could not be identified.
Shares of PNB Housing Finance Ltd fell 2.94 per cent to Rs 867.20 apiece on the Singapore Stock Exchange. PNB Housing Finance has witnessed several stake sales in recent months. On Wednesday, General Atlantic and Pioneer Investment Fund reduced a 5.37 per cent stake in the PNB arm for Rs 1,119 crore, while the Monetary Authority of Singapore, Goldman Sachs and Morgan Stanley acquired stake in the company. In July, private equity firm Carlyle Group offloaded a 13.1 per cent stake in the lender for Rs 2,642 crore.
In May, Asia Opportunities V (Mauritius) and General Atlantic sold a cumulative 4.46 per cent stake in PNB Housing Finance for Rs 843 crore.
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