PNB Housing Finance shares will be in focus in trade tomorrow as a large block deal is expected to take place in the stock, as per media reports. CNBC-Awaaz reported quoting sources that Carlyle is looking to sell a 5% stake in the housing finance company via block deals on Tuesday, July 30. The report further stated that the total block deal size of PNB Housing Finance is expected to be Rs 1,000 crore.
The price for the block deal is likely to be in the range of Rs 750-760. As of July 29 close, shares of PNB Housing Finance ended at Rs 794.30 on the NSE. IIFL Securities is the likely broker for the block deal expected tomorrow.
