Around 1.71 million shares, representing 2.7 percent stake in housing finance major PNB Housing Finance changed hands in block deal on May 29.
While Moneycontrol could not ascertain parties involved in the transaction, CNBC-TV18, citing sources had reported that Asia Opportunities V Mauritius and General Atlantic Singapore Fund are likely sellers in the deal.
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The stock reacted sharply to the block deal on May 29 as it slipped as much as 7 percent to Rs 727 per share.
According to PNB Housing's March shareholding data, Asia Opportunities V Mauritius held 9.88 percent stake in the company, whereas General Atlantic Singapore Fund held 9.82 percent.
Moreover, reports added that BNP Paribas, UBS Securities were brokers of this block deal.
In the January-March quarter (Q4FY24), PNB Housing's net profit rose by 57 percent year-on-year (YoY) to Rs 439 crore, while net interest income grew by 7 percent YoY to Rs 632 crore.
ALSO READ: Buy PNB Housing Finance; target of Rs 1010: ICICI Securities
The housing financier's net interest margin, however, slipped to 3.65 percent in Q4FY24 from 3.74 percent in the year-ago period.
The company's asset-quality improved sequentially, with net non-performing asset (NPA) ratio down to 0.95 percent in Q4FY24 from 1.14 percent in Q4FY23.
Shares of PNB Housing rose more than 12 percent in the past 3 months, outpacing 5 percent rise in the benchmark Nifty 50 index during the same period. Earlier, PNB Housing shares had hit 52-week high of Rs 913 apiece on January 25, 2024.
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