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According to a report from CNBC-TV18, General Atlantic Singapore Fund FII PTE is expected to sell around 5.1% equity worth Rs 1,032 crore via a block deal in PNB Housing Finance tomorrow.
According to a report from CNBC-TV18, the seller is in the block deal is said to be Carlyle.
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.
In comparison, the housing finance corporation (HFC) had a net profit of Rs 188 crore in the December quarter of fiscal year 22 and Rs 263 crore in the September quarter of fiscal year 23.
Today's announcement of the results for the July-September quarter will put a spotlight on the stocks of Reliance Industries, Bajaj Finserv, Ambuja Cements, IDBI Bank, Hindustan Unilever, JSW Steel, and Hindustan Zinc.
SEBI’s appeal had been against the interim order given by the SAT earlier this year in June, where the statutory body restricted PNB Housing Finance Ltd. from revealing the results of the voting process organised amongst its shareholders in regards to the company’s proposed fundraising plans.
The other proposed investors would be General Atlantic Singapore Fund FII Pte Ltd and Alpha Investments V Pte Ltd.
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