A portfolio investor of PNB Housing Finance Ltd. sold a stake worth Rs 676 crore through open market transactions on Thursday. The stake was sold at a discount of roughly 3% as compared to the close in the previous day on the BSE.
Asia Opportunities V (Mauritius) Ltd. divested 3% or 78 lakh shares at Rs 866.7 apiece, according to bulk deal data on the BSE.
The buyer was the Government of Singapore, which bought a 0.63% stake at Rs 866.05 apiece. The remaining buyers could not be ascertained.
On Wednesday, the Government of Singapore also bought a 1.14% stake at Rs 802.5 apiece from two portfolio investors in a large trade. It had also bought a stake in PNB Housing Finance on July 30.
As of June, Asia Opportunities V held a 5.19% stake in the housing finance company.
Shares of PNB Housing Finance closed 2.88% lower at Rs 867.15 per share on the NSE, compared to a 0.17% advance in the benchmark Nifty.
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