Punjab National Bank to sell stake in housing finance firm, other units

Punjab National Bank to sell stake in housing finance firm, other units

State-run insurance giant LIC has lowered its holdings in as many as 27 of the 50 blue-chip firms forming the market benchmark index Nifty, while selling. Punjab National Bank, Sun Pharma and Tata.

Punjab National Bank holds a 32.79% stake in the mortgage lender while Carlyle owns 32.36%. The market capitalisation of PNB Housing Finance is around Rs 15,900 crore. In July, the bank and Carlyle.

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State-owned Punjab National Bank (PNB) Friday said it will partially sell its stake in PNB Housing Finance to global private equity firm General Atlantic Group and alternative investment firm varde partners for.

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 · In March, the state-owned lender had entered into agreements to sell 10.89 crore equity shares, or 13.1 per cent stake, in PNB Housing Finance to General Atlantic Group and Varde Partners at.

But a handful of lenders are now selling these units and other non. state-run punjab national bank sold its stake in its mutual fund joint venture to partner principal financial group Inc. In.

"The bank has raised Rs 1,800 crore via long-term bonds for infrastructure project finance and affordable housing in the nature of debentures," Punjab National Bank (PNB) said in a statement. The.

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Punjab National Bank said it will divest stake in its subsidiary PNB Housing Finance and other entities like BSE, ICRA and Crisil depending on market conditions. “The board of directors vide.

Except for traditional defensives of pharma and IT, all other sectoral. crore for sale Punjab National Bank: Bank puts 15 npas worth Rs 1,063 crore for sale Shree Renuka Sugars: Company to divest.

This is his second stint at the private equity firm. “Rastogi has played an active role in General Atlantic’s investments in PNB Housing Finance. now owns a 5% stake in the associate of public.

 · The sale of Punjab National Bank’s 13 per cent stake in PNB Housing Finance is credit positive as it will strengthen the bank’s capital, Moody’s said Monday. Last month state-run Punjab National.

State-run Punjab National Bank (PNB) Friday said it will sell its partial stake in PNB Housing Finance to global private equity firm General Atlantic Group and alternative investment firm Varde Partners for Rs 1,851.6 crore.

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