PNB housing block deal: 2.7% equity changed

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About 1.71 million stocks representing 2.7 consistent with cent stake in housing finance company PNB housing finance did now not input into the block deal on May 29.
While Moneycontrol could not discover the events concerned in the deal, CNBC-TV18 sources said Asia Opportunity vs. Mauritius and General Atlantic Singapore budget are capability sellers inside the deal.

Apart from this, BNP vegetables, UBS Securities are said to be agents on this block deal.

In the January-March sector (Q4 of FY24), PNB Housing’s internet earnings grew fifty seven in line with cent yr-on-year to Rs 439 crore, at the same time as internet hobby profits rose 7 per cent 12 months-on-yr to Rs 632 crore.

However, the housing financier’s internet interest margin fell to three.65 per cent inside the fourth quarter of FY24.

The internet non-appearing asset (NPA) ratio fell to 0.95 in line with cent within the fourth region of the economic 12 months, with the company’s asset fine improving step by step.

Shares of PNB Housing have soared over 12 according to cent inside the ultimate three months, surpassing a 5 consistent with cent upward push in the benchmark Nifty 50 index during the identical length. Earlier on January 25, 2024, PNB Housing stocks had hit a fifty two-week excessive of Rs 913. read more