US PE firm Carlyle to sell 33% holding in PNB Housing Finance: Reports

Credit Suisse to help PNB sell 33% stake in housing finance arm Its 33 % stake in the listed housing finance company is expected to fetch Punjab National Bank (PNB) about Rs 6,600 crore, going by the firm’s market capitalisation of Rs 19,619 crore.

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Carlyle Group is looking to sell its entire 33 percent stake in pnb housing finance, said a report by The Economic Times, citing sources. The deal could yield an amount several times the investment.

Selling the entire stake will fetch Punjab National Bank a little over 6500. National Bank and US private equity investor the Carlyle Group are in the. of the paid-up equity share capital of the company," PNB Housing Finance. Times reported that PNB Housing had hired investment bank Credit Suisse to.

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.

FOLLOW US. Buyout firm Carlyle is looking to sell its entire stake in PNB housing. “private equity fund carlyle has put its entire stake of around 33%. ” With reported CAR (capital adequacy ratio) and Common Equity Tier I.

US PE firm Carlyle to sell 33% holding in PNB Housing Finance: Reports. lender PNB Housing Finance Ltd, as per a financial daily report.

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State-run Punjab National Bank (PNB) is selling part of its stake in PNB Housing Finance to global private equity firm general atlantic. the exchanges that PNB and Quality Investment Holdings (QIH) of the Carlyle Group. However, in November, the housing finance firm said PNB would independently.

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Carlyle bids to buy PNB's 33% stake in PNB Housing Finance. KOLKATA: US- based private equity firm Carlyle has put in its bid to acquire Punjab. The PE firm was earlier planning to sell down its holding along with PNB but a fall in. Meanwhile, the housing finance company reported a 32% rise in.

PNB currently owns about 32.8% of PNB Housing Finance. Private equity firm carlyle group owns a little over 33% of the company’s shares. Apart from this, foreign institutional investors hold over 18% stake in the company. The rest is distributed among banks, mutual funds, financial institutions, and the general public.