Shares of PNB Housing Finance slipped in trade after a large block deal worth Rs 2,642 crore or 13.1% equity took place in the stock today, July 30. According to the data on exchanges, the block deal took place at an average price of Rs 778 per share, a tad lower than the previous close of Rs 797 on the NSE.
According to a report from CNBC-TV18, the seller is in the block deal is said to be Carlyle. Carlyle had launched the block deal yesterday evening to sell nearly 6% stake in the block deal.
However, the stake sale was today increased to 12.8% amid a strong demand. Carlyle Group holds a total of 32.6% stake in the housing finance company as of the latest shareholding pattern.
Shares of PNB Housing Finance were down 1.4% at Rs 783.80 on the NSE as of 9.23 AM.
In Q1FY25, PNB Housing Finance’s profit came in at Rs 432.81 crore, up by 24.61% from Rs 347.32 crore posted in the same period last year. The EBITDA stood at R 1,664.46 crore in Q1FY25, 10.46% higher against Rs 1,506.81 crore in Q1FY24.
