CNBC-TV18 News Confirmed: General Atlantic Singapore Fund FII Sells 5.1% Stake in PNB Housing Through Block Deals

Confirming the CNBC-TV18 NewscastGeneral Atlantic Singapore Fund FII has offloaded its entire 5.1% stake (1,332,5074 shares) in PNB Housing Finance through block deals. The shares were sold at an average price of 802.5 each. Besides General Atlantic, Pioneer Investment Fund also sold 6.23 lakh shares, representing a 0.24% stake in the housing finance major.

As per the block deal data available on the BSE, here is the list of top buyers:

Government of Singapore: It acquired a 1.40% stake, equivalent to 36.45 lakh shares, at ₹802.5 per share.

AB Sun Life Mutual Fund: It bought a 0.72% stake, equivalent to 18.60 lakh shares, at ₹802 per share.

HSBC Mutual Fund: It acquired a 0.31% stake, translating to 8.09 lakh shares, also at ₹802.5 per share.

Monetary Authority of Singapore: Pick up a 0.30% stake, or 7.78 lakh shares, at ₹802.5 per share.

ICICI Prudential Life Insurance:

It bought a 0.24% stake, equivalent to 6.23 lakh shares, at ₹802.5 per share.

Fidelity Funds – Asian Small Cap Group: It acquired a 0.20% stake, totalling 5.24 lakh shares, at ₹802.5 per share.

DSP Mutual Fund (MF), Nippon India MF, 360 One Asset Management, HDFC Life Insurance, Societe Generale and Citigroup Global Markets Mauritius were also among the buyers of PNB Housing Finance shares.

Buyers also included Canadian Crown Corporation Public Sector Pension Investment Board and Nomura Singapore.

PNB Housing Finance has seen several stake sales in recent months.

Earlier on June 30, private equity major Carlyle also sold over 13% stake in PNB Housing Finance through a block deal worth 2,642 crore. As many as 3.4 million shares were traded at Rs 778 per share in block deals, according to a CNBC-TV18 report. report.

PNB Housing Finance is a key player in the housing finance sector. It reported a 25% rise in net profit for the first quarter at Rs 433 crore. The company’s gross non-performing assets (GNPA) declined 241 basis points (bps) to 1.35%. Disbursements grew 19% year-on-year to Rs 4,398 crore.

PNB Housing Finance rose 9.38% to close at 887 each on the NSE.

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