+
Morgan Stanley, others acquires 6.8% stake in PNB Housing for Rs 16.64 Bn
Real Estate

Morgan Stanley, others acquires 6.8% stake in PNB Housing for Rs 16.64 Bn

Morgan Stanley, Societe Generale and another entity on Wednesday picked up a total of 177 million, or 6.82% stake, of PNB Housing Finance through open market transactions worth Rs 16.64 billion. According to bulk deal data available on the National Stock Exchange (NSE), Morgan Stanley through its arm Morgan Stanley Asia Singapore purchased over 142 million shares or a 5.4% stake in PNB Housing in two transactions. Ghisallo Master Fund bought 17.90 lakh shares of PNB Housing while Societe Generale acquired 17.09 lakh shares of the firm, as per the data. Meanwhile, global investment firm Carlyle Group through its affiliate Quality Investment Holdings PCC offloaded 245 million shares or 9.43% stake in PNB Housing Finance for Rs 2,301.58 crore through open market transactions. The shares were sold at an average price of Rs 939.42 per piece. After the transaction, Carlyle's stake has come down to 10.44 per cent from 19.87 per cent. Details of the other buyers of PNB Housing Finance's shares could not be ascertained on the exchange. In July, US-based Carlyle divested a 12.8 per cent stake in PNB Housing Finance for Rs 25.78 billion. Shares of PNB Housing Finance declined 6.90 per cent to close at Rs 915.35 apiece on the NSE.

Morgan Stanley, Societe Generale and another entity on Wednesday picked up a total of 177 million, or 6.82% stake, of PNB Housing Finance through open market transactions worth Rs 16.64 billion. According to bulk deal data available on the National Stock Exchange (NSE), Morgan Stanley through its arm Morgan Stanley Asia Singapore purchased over 142 million shares or a 5.4% stake in PNB Housing in two transactions. Ghisallo Master Fund bought 17.90 lakh shares of PNB Housing while Societe Generale acquired 17.09 lakh shares of the firm, as per the data. Meanwhile, global investment firm Carlyle Group through its affiliate Quality Investment Holdings PCC offloaded 245 million shares or 9.43% stake in PNB Housing Finance for Rs 2,301.58 crore through open market transactions. The shares were sold at an average price of Rs 939.42 per piece. After the transaction, Carlyle's stake has come down to 10.44 per cent from 19.87 per cent. Details of the other buyers of PNB Housing Finance's shares could not be ascertained on the exchange. In July, US-based Carlyle divested a 12.8 per cent stake in PNB Housing Finance for Rs 25.78 billion. Shares of PNB Housing Finance declined 6.90 per cent to close at Rs 915.35 apiece on the NSE.

Next Story
Infrastructure Urban

RailTel Wins Rs 502 Million IT and Internet Orders

RailTel Corporation of India has secured two significant work orders worth a combined Rs 502 million. The first, valued at Rs 100.5 million, involves implementing comprehensive IT solutions for the Department of Social Security and Empowerment of Persons with Disabilities (SSEPD), Government of Odisha. This project is scheduled for completion by 20 January 2026.The second contract, worth Rs 401.9 million, entails providing 8.4 Gbps high-speed internet connectivity to Central Coalfields Limited (CCL), also set for execution by the same deadline.The company clarified that there is no related par..

Next Story
Infrastructure Transport

Railways Approve Rs 527 Billion Boost for Mumbai Suburban Rail

Mumbai’s suburban railway network is set for a transformational upgrade, with the Ministry of Railways sanctioning projects worth Rs 527.24 billion under the Mumbai Urban Transport Project (MUTP) schemes. These extensive initiatives aim to significantly enhance connectivity and meet the growing demands of the city’s daily commuters.The funding breakdown includes Rs 80.87 billion for MUTP-II, Rs 109.47 billion for MUTP-III, and Rs 336.9 billion for MUTP-IIIA.Major Corridors and Key DevelopmentsUnder MUTP-III, core works will reshape several critical sections of the network, including the Pa..

Next Story
Infrastructure Transport

Ajit Pawar Unveils 75-Km Rail Plan to Ease Pune Traffic

In a major boost to infrastructure and connectivity, Maharashtra Deputy Chief Minister Ajit Pawar on Friday announced a comprehensive new railway project covering 75 kilometres across Pune and adjoining regions. The project aims to ease traffic congestion and support industrial growth by offering a robust public transport alternative.The proposed route will extend from Talegaon to Chakan, Chakan to Wagholi, then on to Uruli, and finally connect with the Solapur–Pune Road. An additional line will link Miraj Road with the existing Miraj railway route, enhancing connectivity in western Maharash..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?