Shares of PNB Housing Finance soared 10 per cent to a day’s high of Rs 893.60 on the BSE after General Atlantic reportedly sold a 5.4 per cent stake in the company via a block deal in the pre-market block window.
While News18.com could not immediately ascertain the parties involved in the transaction, CNBC-TV18 reported on August 20 that General Atlantic Singapore Fund FII Pte Ltd was planning to unload its entire 5.1 per cent stake in PNB Housing Finance, aiming to raise Rs 1,032.7 crore.
IIFL Securities was said to be the sole broker for the same. The sale would also not be subject to any lock-in period, allowing the shares to be freely traded post-transaction.
PNB Housing Finance has witnessed several stake sales in recent months. In July, private equity firm Carlyle Group’s Quality Investment Holdings PCC sold a 13.1 percent stake in the lender for Rs 2,642 crore.
Another major chunk was sold early July when Asia Opportunities V (Mauritius) and General Atlantic Singapore Fund FII offloaded a cumulative 5.2 per cent stake.
PNB Housing Finance reported strong first-quarter results for the financial year 2025, posting a 25 per cent year-on-year growth in its consolidated profit after tax (PAT), reaching Rs 433 crore.
The net interest income (NII) increased by 4 per cent year-on-year to Rs 642 crore for the June quarter.
Over the past year, PNB Housing Finance shares have surged 34.4 per cent. In the last six months, the stock has risen by 21.6 per cent, and so far this year, it has gained 12.7 per cent.
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