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(Reuters) – U.S-based private equity firm Carlyle Group LP is looking to double its stake in Indian housing finance company PNB Housing. Group were jointly looking to sell at least 51 percent of.
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Mumbai: State-run Punjab National Bank (PNB) is looking to sell up to 10% in its housing finance unit and list its life insurance subsidiary, managing director and chief executive officer (CEO.
Punjab National Bank (PNB) and Carlyle Group plan to initiate the process to sell at least 51 per cent stake in the mortgage lender pnb housing finance, the state-run bank today said.
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Punjab National Bank (PNB) is looking to sell 7 percent of its stake in its mortgage arm pnb housing finance. Two officials familiar with the development told the Economic Times that the public sector bank has received interest from some players and private equity investors. "The bank is open to selling its stake in the firm.
PNB to sell stake in housing finance firm, other units. pnb housing finance is one of the main subsidiaries of PNB engaged in the business of providing housing and construction loans. The lender had a stake of 32.96 per cent in the subsidiary on March 31, 2018. In credit rating agency CRISIL, financial institutions and banks had a collective stake.
Punjab National Bank To Sell Stake In Housing Finance Firm, Other Units. The lender had a stake of 32.96 percent in the subsidiary on March 31, 2018. Financial institutions and banks had a collective stake of 0.26 per cent at the end of March this year in credit rating agency CRISIL Ltd. In BSE Ltd., the total public shareholding, including that of PNB, was 67.80 percent. In ICRA Ltd., PNB holds 3.43 percent stake.
Skanska bowed out from certain types of P3s. How will that affect the market? Corporate News: Page 4. The 7 most striking construction technology innovations of 2018. skanska bowed out from certain types of P3s. How will that affect the market?. Skanska quits US P3.
Carlyle to sell 4.8% stake in PNB Housing Finance The deal has been struck at Rs1,280/share, which is ~7% discount to PNB Housing Finance’s Monday close on the BSE at Rs1,374.
"In view of this, the Corporation is required to sell such. the National Housing Bank as a housing finance company. The company’s revenues stood at Rs 2,026.65 crore during the year ended March.
Punjab National Bank said today that it will divest stake in its subsidiary PNB Housing Finance and other entities like BSE, ICRA and Crisil depending on market conditions.