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2025-05-02 04:58:07 pm | Source: Reuters
Carlyle Group sells full stake in India's PNBHousing, Moneycontrol says
Carlyle Group sells full stake in India's PNBHousing, Moneycontrol says

U.S. private equity group Carlyle Group has sold its entire 10.44% stake in India's PNB Housing Finance via block deals, business news website Moneycontrol reported on Thursday, citing a termsheet.

Carlyle is the second-largest shareholder in the non-banking finance company and held its stake via an affiliate called Quality Investment Holdings, latest available exchange data showed.

"The block trade has been launched at a floor price of 960 rupees per share," Moneycontrol also reported, citing a person familiar with the development.

About 17.3 million PNB Housing shares, or roughly 60% of the reported block deal, were sold in early trade, stock exchange data showed, but did not name the seller or the buyers.

The shares were sold at 1,000.20 rupees each, a near 1% discount to the stock's last close on Wednesday.

Carlyle Group and PNB Housing Finance did not immediately respond to Reuters requests for comment. Reuters did not have immediate access to the termsheet or further details of the deal.

Shares of PNB Housing, however, rose 6% on Friday.

($1 = 83.8300 Indian rupees)

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