HomeNewsBusinessMarketsBulk deals: General Atlantic Singapore Fund FII exits PNB Housing Finance

Bulk deals: General Atlantic Singapore Fund FII exits PNB Housing Finance

General Atlantic Singapore Fund FII Pte Ltd exited PNB Housing Finance by selling entire shareholding of 5.13 percent at same price. The stock surged 10.11 percent to Rs 892.85 on the NSE

August 21, 2024 / 21:52 IST
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Bulk Deals
Bulk Deals

Government of Singapore bought a 1.4 percent stake in PNB Housing Finance at an average price of Rs 802.5 per share on August 21, as per the bulk deals data on the exchanges showed.

However, General Atlantic Singapore Fund FII Pte Ltd exited the housing finance company by selling an entire shareholding of 5.13 percent at the same price. The stock surged 10.11 percent to Rs 892.85 on the NSE.

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Cyient DLM was also in focus, falling 1.55 percent. Marquee investors like Citigroup Global Markets Mauritius, HDFC Mutual Fund, Morgan Stanley Asia Singapore Pte, Aditya Birla Sun Life Mutual Fund, Edelweiss Mutual Fund, and Nippon India Mutual Fund cumulatively bought an 11.96 percent stake in the design-led manufacturing solutions company at an average price of Rs 764.4 per share.

However, promoter Cyient sold 14.5 percent shares in Cyient DLM at the same price. Cyient had intimated about the stake sale after market hours on August 20.