PNB Housing Finance shares change hands in block deal; Carlyle Group entity likely seller
Published on 02/05/2025 10:24 AM
PNB Housing Finance shares change hands in block deal; Carlyle Group entity likely sellerCNBC-TV18 had earlier reported, citing sources, that Quality Investment Holdings PCC, an entity backed by global private equity firm Carlyle, was likely offloading a 10.44% stake in the housing finance company through this transaction. By Asmita Pant May 2, 2025, 10:24:56 AM IST (Updated)1 Min ReadAs many as 1.73 crore shares of PNB Housing Finance changed hands in a large block deal on Friday (May 2), though the identities of the buyers and sellers remain undisclosed. This is only half of the total block deal size of 2.74 crore shares.
CNBC-TV18 had earlier reported, citing sources, that Quality Investment Holdings PCC, an entity backed by global private equity firm Carlyle, was likely offloading a 10.44% stake in the housing finance company through this transaction. At the floor price of ₹960 per share, representing a 5% discount to the stock’s closing price of ₹1,010 on Wednesday, the block deal is estimated to be valued at around ₹2,603.9 crore.
IIFL Capital is believed to be the broker facilitating the deal.Continue ReadingFirst Published: May 2, 2025 9:06 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsPNB Housing