{"id":3184,"date":"2024-07-30T04:20:39","date_gmt":"2024-07-30T04:20:39","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3184"},"modified":"2024-07-30T04:20:39","modified_gmt":"2024-07-30T04:20:39","slug":"carlyle-group-to-sells-big-stake-in-pnb-housing-finance-for-rs-2642-crore","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/carlyle-group-to-sells-big-stake-in-pnb-housing-finance-for-rs-2642-crore\/","title":{"rendered":"Carlyle Group to Sells Big Stake in PNB Housing Finance for Rs 2,642 Crore"},"content":{"rendered":"\n<p>On July 30, PNB Housing Finance experienced a significant transaction, with shares worth Rs 2,642 crore being traded through a block deal on the stock market. The Carlyle Group, via its affiliate Quality Investment Holdings PCC, is believed to be the primary seller in this deal.<\/p>\n\n\n\n<p>It offloaded a total of 3.40 crore equity shares, amounting to approximately 13.1 percent of PNB Housing Finance&#8217;s total shareholding, for an average price of Rs 778 a share. The price is at a minor discount to the previous closing price of Rs 794.90. Though buyers could not be immediately ascertained, reports from CNBV-TV18 earlier said that Carlyle Group would offload up to 12.8 percent, potentially raising Rs 2,511 crore.<\/p>\n\n\n\n<p>As of the last reporting period, the Carlyle Group held a 32.68 percent stake in PNB Housing Finance through Quality Investment Holdings PCC. The latest sale is the second one this May, following other major shareholders such as the Asia Opportunities V Mauritius Fund and General Atlantic Singapore Fund FDI, which sold a combined stake of 2.68 percent.<\/p>\n\n\n\n<p>PNB Housing Finance recently announced excellent results for the April-June quarter, wherein net profit surged 25 per cent to Rs 433 crore. Gross NPAs also came down drastically to 1.35 per cent from 3.76 per cent a year ago, while net NPAs reduced to 0.92 per cent from 2.59 per cent.<\/p>\n\n\n\n<p><em>Do you have a news tip for Lakshmishree reporters? Please email us at\u00a0<\/em>media@lakshmishree.com<\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/pnb-housing-sees-rs-2642-crore-block-deal-as-carlyle-likely-unloads-stake-12781710.html\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/pnb-housing-sees-rs-2642-crore-block-deal-as-carlyle-likely-unloads-stake-12781710.html\" target=\"_blank\" rel=\"noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 30, PNB Housing Finance experienced a significant transaction, with shares worth Rs 2,642 crore being traded through a block deal on the stock market. The Carlyle Group, via its affiliate Quality Investment Holdings PCC, is believed to be the primary seller in this deal. It offloaded a total of 3.40 crore equity shares, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[159,160],"class_list":["post-3184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-carlyle-group","tag-carlyle-group-pnb-news"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3184"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3184\/revisions"}],"predecessor-version":[{"id":3186,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3184\/revisions\/3186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3185"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}