PNB Housing surges 6% after General Atlantic Singapore likely sells 5% stake

Earlier this year, Singapore-based investor Investment Opportunities V also sold its entire 9.88 percent stake in PNB Housing for Rs 2,106 crore.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Shares of PNB Housing Finance soared over 6 percent in opening trade on August 21 after as much as 1.39 crore shares, representing a 5 percent stake in the lender were sold in a block deal, with private equity investor General Atlantic Singapore Fund being the likely seller.

While Moneycontrol 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 percent stake in PNB Housing Finance, aiming to raise Rs 1,032.7 crore.

At 09.20 am, shares of PNB Housing Finance were trading at Rs 861.85 on the NSE.

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 percent stake.

Earlier this year, Singapore-based investor Investment Opportunities V also sold its entire 9.88 percent stake in the company for Rs 2,106 crore through an open market transaction.

Follow our market blog to catch all the live action

The non-bank finance lender has reported a healthy set of earnings for the June quarter, clocking a near 25 percent on year growth in the net profit at Rs 433 crore. The company's total disbursements grew by 19 percent to Rs 4,398 crore, while net interest income - the difference between interest earned and paid - grew by 4 percent to Rs 651 crore.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.