1/5/2025, 2:33:02 pm

PNB Housing Finance: Carlyle Group entity seeks to divest 10.44% stake

Carlyle's Quality Investment Holdings plans to sell a 10.44% stake in PNB Housing Finance via a block deal at a floor price of ₹960 per share, a 5% discount to Wednesday's close. The deal is valued at ₹2,603.9 crore, brokered by IIFL Capital. PNB Housing reported strong Q4 profits, driven by recoveries, with analysts optimistic about FY26. Shares closed 1.98% lower at ₹1,010, up 11% year-to-date.