Quality Investment Holdings, a Carlyle entity, on Tuesday sold nearly 13 per cent of PNB Housing Finance through an open market transaction for ₹2,578 crore.
For the quarter ended June 30, it had held 8,48,84,311 shares translating to a 32.68 per cent stake in the non-banking finance company (NBFC).
Bulk deal data available from the BSE showed it divested 16,630,000 shares each of PNB Housing Finance in two tranches at a price of ₹775.25 per share and ₹775.02 apiece. Part of these shares were picked up by ICICI Prudential Life Insurance, the Monetary Authority of Singapore, Aditya Birla Sunlife Mutual Fund, DSP Blackrock Mutual Fund and HSBC Mutual Fund.
Amid the block deal, shares of PNB Housing Finance settled weak. It ended at ₹779.35 on the BSE, marking a fall of ₹14.85, or 1.87 per cent, over the last close. Based on the closing price, the company had a market cap of ₹20,241.92 crore. On the NSE, the scrip settled with a loss of 2 per cent at ₹779.
PNB Housing Finance on Thursday reported a 25 per cent improvement in its net profit to ₹433 crore in the first quarter ended June 2024. It had posted a net profit of ₹347 crore in the same quarter a year earlier.
