PNB Housing Finance Block Deal: Carlyle Group Sells Entire Stake For Rs 2,712 Crore
Norway's universal bank, Norges Bank, on account of the Government Pension Fund Global purchased 8 lakh shares or 0.3% stake.
Global investment firm Carlyle Group on Friday exited PNB Housing Finance by selling its entire 10.44% stake for Rs 2,712 crore through open market transactions.
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 PNB Housing Finance in eight tranches on the BSE, as per the separate block deals on the bourses.
Quality Investment Holdings Pcc, public shareholder of PNB Housing Finance Ltd. offloaded a 6.66% stake in the company for up to Rs 1,732 crore via an open market transaction on Friday.
The Carlyle Group entity sold 1.73 crore shares for Rs 1,000.20 apiece. Kotak Mahindra Mutual Fund bought 21.77 lakh shares, which represents 0.83% stake.
Norway's universal bank, Norges Bank, on account of the Government Pension Fund Global purchased 8 lakh shares or 0.3% stake. Societe Generale mopped up 10.52 lakh shares, which amounts to 0.4% stake.
Tata Aia Life Insurance Co. acquired 9 lakh shares making up 0.34% stake. SBI Life Insurance Co. obtained 9 lakh shares, constituting a 0.34% stake. Morgan Stanley Asia Singapore Pte snapped up 8.01 lakh shares, comprising a 0.3% stake.
The Carlyle group's arm sold 98.07 lakh shares of PNB Housing Finance in eight tranches on the BSE, as per the separate block deals on the bourses.
Meanwhile, Nippon India Mutual Fund, Kotak Mahindra MF, Nomura Funds Ireland, and Osaka, Japan-based Daiwa House Industry, among others, were the buyers of PNB Housing Finance's shares on the BSE.
Singapore-based Aurigin Capital, Cohesion Investments and Madhusudan Kela's Cohesion MK Best Ideas Sub-Trust, Norway's Pension Fund Global and sovereign wealth fund of the Kingdom of Saudi Arabia Public Investment Fund were the other entities who picked up the shares of housing finance company on the exchange.
The home loan firm announced a 28% increase in its standalone net profit for the fourth quarter of the financial year 2024-25.
The company posted a net profit of Rs 567.1 crore for the quarter ended March 31, 2025. Total income for the reviewed quarter also saw a 13% rise, reaching Rs 2,045.3 crore.
Furthermore, the margin widened to 27.74% in the December quarter, compared to 24.57% in the corresponding period of the previous year
The company's board, which approved these financial results on Monday, also cleared a final dividend payment of Rs 5 per share for fiscal 2025.
Shares of PNB Housing Finance closed 4.14% higher at Rs 1,052 apiece, compared to a 0.56% uptick in the benchmark Nifty. The share price has fallen 31.99% in the last 12 months and 19.86% for year-to-date. Twelve analysts tracking the company have a 'buy' rating on the stock, according to Bloomberg. The stock's return potential was at 32%.
(With Inputs From PTI)
