Tag: PNB Housing

Housing FinanceLatest Stories

Carlyle Plans to Sell Remaining Stake in PNB Housing

MUMBAI: Carlyle Group, a US-based private equity firm, is planning to divest its remaining stake in PNB Housing Finance through a block trade valued at $308 million (₹2,604 crore) set for Friday, as outlined in a term sheet from IIFL Capital. The sale will be conducted through Quality Investment Holdings, a Carlyle affiliate, which is putting up its full holding of 27.1 million shares, constituting a 10.44% stake in the mortgage company. The established floor price for this transaction is ₹960 per share, reflecting a 5% discount to PNB Housing’s April 30 closing price of ₹1,010.20 on the National Stock…

Housing FinanceLatest Stories

Carlyle Group Sells 10.44% Stake in PNB Housing for ₹2,712 Cr

NEW DELHI: Carlyle Group, a global investment firm, has fully exited its stake in PNB Housing Finance by selling its 10.44% ownership for Rs 2,712 crore through open market transactions on Friday. The US-based Carlyle Group, via its affiliate Quality Investment Holdings PCC, sold over 2.71 crore shares of PNB Housing Finance on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Quality Investment Holdings PCC sold over 1.73 crore shares on the NSE while the Carlyle arm disposed of 98.07 lakh shares in eight separate transactions on the BSE. The average price for these transactions was Rs…