HDFC Life Buys Rs.90 Crore Stake in PNB Housing Finance

04 Nov 2024 CW Team

HDFC Standard Life Insurance Company has purchased shares worth Rs.900 milion in PNB Housing Finance through an open market transaction. As per data from the Bombay Stock Exchange (BSE), HDFC Life acquired over 10 lakh shares at an average price of Rs.900 per share, representing a 0.4% stake in the company.

Meanwhile, foreign investor Asia Opportunities V (Mauritius) Ltd offloaded part of its stake in PNB Housing Finance at the same price. This transaction reduced its holding from 1.34% to 0.94%.

Following the deal, shares of PNB Housing Finance closed 2.33% higher at ?922.8.

Earlier in August, Asia Opportunities V sold a 3% stake in PNB Housing for over Rs.6.76 billion. Prior to that, in May, it along with General Atlantic divested a combined 4.46% stake for Rs.8.43 billion.

Infrastructure Urban

02 Apr 2026

Govt Revises PM E-DRIVE Scheme; New Deadlines And Incentives

The government has revised the PM E-DRIVE scheme, setting new deadlines and incentives targeted at accelerating the adoption of electric two and three wheelers across urban and semi urban areas. The changes are intended to encourage purchase and local manufacturing by providing clearer timelines and enhanced benefits for eligible buyers and producers. Officials indicate the revisions seek to align the scheme with wider transport decarbonisation and industrial policy objectives. Key elements of the revision include extended compliance deadlines for manufacturers and dealers and an expanded fram..

Public EV Charging Stations Reach 27,737 Nationwide

The government informed the Rajya Sabha that the number of public electric vehicle (EV) charging stations across India has reached 27,737, reflecting steady progress in charging infrastructure deployment. The expansion is intended to support growing adoption of electric mobility among passenger cars, commercial fleets and public transport. Wider availability of chargers is expected to reduce range anxiety and improve convenience for daily commuting and intercity travel. Central programmes and policy incentives have encouraged both public and private investment in charging networks, supporting ..

IHG Marks Pre-Opening Milestone For Powai Project

IHG Hotels and Resorts (IHG) marked a pre-opening milestone for its hospitality development in Powai, Mumbai, with a traditional puja attended by the Chief Minister of Maharashtra, Devendra Fadnavis, and members of the K Raheja Group. The ceremony was held in partnership with the K Raheja Group and was attended by Vijayta Raheja, Nikhil K. Raheja and Sudeep Jain, managing director, South West Asia, IHG. The event signalled progress on a project scheduled to open in 2026. According to developers the project will comprise a dual hotel complex and a large convention centre designed to serve both ..