PNB Housing Finance witnessed substantial activity in the stock market on Wednesday, November 13, as Morgan Stanley, Societe Generale, and Ghisallo Master Fund acquired a combined 1.77 crore shares, or a 6.82% stake, through open market transactions totaling ₹1,664 crore.
Key Details of the Bulk Deals:
- Morgan Stanley: Through its arm Morgan Stanley Asia Singapore, the firm purchased over 1.42 crore shares, equivalent to a 5.4% stake in PNB Housing Finance, in two separate transactions.
- Ghisallo Master Fund: Acquired 17.90 lakh shares.
- Societe Generale: Bought 17.09 lakh shares.
- Average Purchase Price: ₹939.30 per share, amounting to a total value of ₹1,664.55 crore.
Carlyle Group Offloads Stake
On the other side of the transaction, Carlyle Group, via its affiliate Quality Investment Holdings PCC, offloaded a significant 9.43% stake (2.45 crore shares) in PNB Housing Finance through open market transactions. This sale generated ₹2,301.58 crore, with shares sold at an average price of ₹939.42 each.
Summary
These major transactions signal strong institutional interest in PNB Housing Finance, while Carlyle Group’s exit marks a notable change in the company’s shareholding pattern. The high-value stake changes underscore investor confidence in PNB Housing Finance’s potential and make it a stock to watch in the financial sector.
