Asia Opportunities V acquired 3% stake in PNB Housing for Rs. 676 crore sold

Asia Opportunities V (Mauritius) on Thursday offloaded a 3 per cent stake in PNB Housing Finance for over Rs 676 crore in an open market transaction, while the Singapore government bought 16 lakh shares in PNB Housing Finance for Rs 143.74 crore. As per bulk deal data available on BSE, Asia Opportunities V (Mauritius) bought 78 lakh shares or 3 per cent stake in PNB Housing Finance at Rs. 866.70 per unit, the deal value was Rs. 676.02 crores.

After the stake sale, Asia Opportunities V (Mauritius)’s shareholding in PNB Housing Finance has come down from 5.19 per cent to 2.19 per cent.

At the same time, the Singapore government bought a total of 16,59,784 shares or 0.64 percent stake in state-owned Punjab National Bank at an average price of Rs 866.05 on the BSE.

Details of other buyers of PNB Housing Finance shares could not be identified.

Shares of PNB Housing Finance Ltd fell 2.94 percent on the BSE to Rs. was settled at 867.20.

PNB Housing Finance has seen several stake sales in recent months.

On Wednesday, General Atlantic and Pioneer Investment Fund invested Rs. 1,119 crore to buy a 5.37 percent stake while the Monetary Authority of Singapore, Goldman Sachs and Morgan Stanley bought stakes in the company.

In July, private equity firm Carlyle Group bought a 13.1 per cent stake in the lender for Rs. 2,642 crore was sold.

In May, Asia Opportunities V (Mauritius) and General Atlantic sold a total of 4.46 per cent stake in PNB Housing Finance for ₹843 crore.