PNB Housing Finance Ltd may see a block deal of Rs 500 crore tomorrow, according to CNBC Awaaz sources. Asia Opportunities V Mauritius and General Atlantic Singapore Fund are likely sellers in the deal, sources told CNBC-TV18.
The block deal is likely for sale of 69.6 lakh shares of the company. The floor price for the deal is set at Rs 717 per share, which is a discount of almost 9 percent of the current market price.
BNP Paribas, UBS Securities are brokers of the deal, sources added.
PNB Housing stock closed 1.43 percent lower at Rs 786.85 apiece on BSE on May 28.
Earlier this year, Singapore-based investor Investment Opportunities V had sold its entire 9.88 percent stake in the company for Rs 2,106 crore through an open market transaction.
PNB Housing Finance had reported a 26 percent on-year rise in its net profit to 338.44 crore in the third quarter of the financial year 2023-24.
Gross Non-Performing Assets (NPA) is at 1.73 percent as on December 31, 2023 as compared to 4.87 percent in a year ago period and 1.78 percent in a quarter ago period.
Retail Gross NPA is 1.67 percent as on December 31, 2023, as compared to 2.86 percent as on December 31, 2022, and 1.74 percent as on September 30, 2023.
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