Asia Opportunities V Divests 3% Stake in PNB Housing Finance for Rs 676 Crore

Asia Opportunities V Mauritius sold a 3% stake in PNB Housing Finance for over Rs 676 crore on Thursday. The Government of Singapore acquired 16 lakh shares in the same company for Rs 143.74 crore. According to BSE bulk deal data, Asia Opportunities V Mauritius sold 78 lakh shares at Rs 866.70 each, totalling Rs 676.02 crore.

Representative image

Government of Singapore's Purchase

Simultaneously, the Singapore government bought 16,59,784 shares, representing a 0.64% stake in PNB Housing Finance at an average price of Rs 866.05 per share on the BSE. The identities of other buyers remain unknown.

Impact on Shareholding

Following this transaction, Asia Opportunities V Mauritius' stake in PNB Housing Finance decreased from 5.19% to 2.19%. Shares of PNB Housing Finance Ltd closed 2.94% lower at Rs 867.20 each on the BSE.

Recent Stake Sales

PNB Housing Finance has seen multiple stake sales recently. On Wednesday, General Atlantic and Pioneer Investment Fund sold a combined 5.37% stake for Rs 1,119 crore. The Monetary Authority of Singapore, Goldman Sachs, and Morgan Stanley acquired stakes in the company.

In July, Carlyle Group divested a 13.1% stake in PNB Housing Finance for Rs 2,642 crore. In May, Asia Opportunities V Mauritius and General Atlantic collectively sold a 4.46% stake for Rs 843 crore.

The series of transactions highlights ongoing interest and activity in PNB Housing Finance's shares among various investors.