General Atlantic, Asia Opportunities sell 4.9% stake in PNB Housing Fin

Foreign investors General Atlantic and Asia Opportunities V (Mauritius) on Thursday sold a 4.9 per cent stake in PNB Housing Finance for Rs 1,004 crore through open market transactions.

US-based private equity firm General Atlantic through its affiliate General Atlantic Singapore Fund FII Pte offloaded PNB Housing Finance shares through a bulk deal on the National Stock Exchange (NSE).

More than 1.27 crore shares or a 4.9 per cent stake in PNB Housing Fin were disposed of by both entities.

As per the data available, General Atlantic Singapore Fund FII and Asia Opportunities sold 63.79 lakh shares each, amounting to a 4.9 per cent stake in the public sector housing finance company.

The shares were offloaded in the range of Rs 786.46-787.88 apiece, taking the combined transaction value to Rs 1,004.28 crore.

After the stake sale, the shareholding of Asia Opportunities V (Mauritius) in PNB Housing Finance has declined to 7.43 per cent from 9.88 per cent.

The stake of General Atlantic