Tag: PNB Housing

Housing Finance

Carlyle looks to offload remaining stake in PNB Housing

MUMBAI: US-based private equity giant Carlyle is looking to offload its entire remaining stake in PNB Housing Finance through a $308 million – or ₹2,604 crore – block trade on Friday, according to a term sheet issued by IIFL Capital. The sale is being executed via Quality Investment Holdings, a Carlyle affiliate, which is offering its entire holding of 27.1 million shares, representing a 10.44% stake in the mortgage lender. The floor price for the sale has been fixed at ₹960 per share, implying a 5% discount to PNB Housing’s April 30 closing price of ₹1,010.20 on the National Stock…

Housing Finance

Carlyle Group exits PNB Housing Finance; sells 10.44% stake for Rs 2,712 crore

NEW DELHI: Global investment firm Carlyle Group on Friday exited PNB Housing Finance by selling its entire 10.44 per cent stake for Rs 2,712 crore through open market transactions. US-based Carlyle group, through its affiliate Quality Investment Holdings PCC, sold more than 2.71 crore shares, or 10.44 per cent stake, in PNB Housing Finance on the National Stock Exchange (NSE) and the BSE. Quality Investment Holdings PCC offloaded more than 1.73 crore shares of PNB Housing Finance on the NSE and the Carlyle group arm sold 98.07 lakh shares of city-based PNB Housing Finance in eight tranches on the BSE,…