PNB to sell stake in housing finance firm, other units – Times of India

PNB terminates agreements to sell stake in housing finance arm The bank, in a filing to the exchange, said it will continue to be the sole promoter of PNB Housing Finance post the termination of the pacts, and stay strategically invested in its housing finance arm.

PNB may sell 7% stake in PNB Housing Finance by Q2FY18: Report "The bank is open to selling its stake in the firm. We have not decided on the amount or time of the stake sale," MD, Usha.

NEW DELHI: Fraud-hit Punjab National Bank plans to raise Rs 13,000 crore through stake sale in subsidiaries and recovery of bad loans by September end, an official said on Friday.. The PSU lender, among other things, is planning to sell stake in its arm PNB Housing Finance where it holds 39.08 %. "The bank is planning to sell stake in the housing finance company.

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PNB to sell part stake in housing finance arm for Rs 1,852 crore April 1, 2019 April 1, 2019 Web Sources State-run Punjab National Bank (PNB) is selling part of its stake in PNB Housing Finance to global private equity firm General Atlantic Group and alternative investment firm Varde Partners for Rs 1,851.60 crore.

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Thomson Reuters Corp. said it is in advanced talks to a sell a major stake in its financial and risk business to private-equity firm Blackstone Group LP. The unit, which services banks, money managers.

Last week, the bank and Carlyle Group, which owns over 32 percent in PNB Housing Finance, had announced their plans to sell at least 51 pecent stake in the company.

Bad Loans PNB pins hope on asset sale, IBC resolution to raise Rs 13,000 crore. The PSU lender, among other things, is planning to sell stake in its arm PNB Housing Finance where it holds 39.08 per cent.

Carlyle to sell 4.8 stake in PNB Housing. Top Searches:. the stake in being offered at Rs 1,280 per share – a nearly 7% discount to PNB Housing Finance’s Monday close on the BSE at Rs 1,374.

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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.. sell stake in.

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