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Punjab National Bank to sell stake in housing finance firm, other units

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Canara Bank sells 13.45% in Can Fin Homes to GIC for Rs 753 crore – MUMBAI: Public sector lender Canara bank sold 13.45% stake in its mortgage unit Can. Others like IDBI Bank, Punjab National Bank and even the State Bank of India are looking to sell some of their.

PNB revives plan to sell its 33% stake in PNB Housing Finance – After shelving the sales plan for about two months, India’s second-largest, public-sector lender punjab national bank (pnb), has revived the process to sell its 33% stake in PNB Housing Finance. The bank has appointed pnb investment services and Credit Suisse to scout for new investors in this divestment process.

PNB to sell stake in PNB Housing to General Atlantic, Varde. – State-run Punjab National Bank (PNB) on Friday said it will sell its partial stake in PNB Housing Finance to global private equity firm General Atlantic Group and alternative investment firm Varde.

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PNB to sell 26 per cent in housing finance arm to US firm – Punjab National Bank, the country’s second-largest public sector lender, will sell a 26-0per cent stake in its housing finance arm to US-based Dawnay. The Malta bank would hold 40 per cent stake.

Punjab National Bank looks to sell stake in PNB Housing. – Mumbai: State-run Punjab National Bank (PNB) is looking to sell up to 10% in its housing finance unit and list its life insurance subsidiary, managing director and chief executive officer (CEO.

Punjab national bank sells entire stake in Information and. – Punjab National Bank sells entire stake in Information and Credit Rating Agency for Rs 109 crore. The disinvestment is part of the reforms agenda of the public sector banks (PSBs) which was approved in January for responsive and responsible PSBs initiative. At the end of March quarter, PNB held 3.43 per cent stake in Icra. In PNB Housing Finance, which is promoted by the bank, it held 32.96 per cent as on March 31, 2018.

PNB To Sell Partial Stake In PNB Housing Finance – On Friday, state-run Punjab National Bank (PNB) said in a regulatory filing that it will be selling a part of its stake in PNB Housing Finance to General Atlantic and Varde Partners for Rs 1,851.

Punjab National Bank to sell stake in housing finance firm. – 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.

PNB’s stake sale in housing finance arm ‘credit positive’, to strengthen capital: Moody’s – Last month state-run Punjab National Bank announced that it will sell 13 per cent stake in PNB Housing Finance for Rs 1,850 crore (USD 270 million) to global private equity firm General Atlantic Group.

Punjab National Bank To Sell Stake In Housing Finance Firm. – Punjab National Bank To Sell Stake In Housing Finance Firm, Other Units. Financial institutions and banks had a collective stake of 0.26 per cent at the end of March this year in credit rating agency CRISIL Ltd. In BSE Ltd., the total public shareholding, including that of PNB, was 67.80 percent. In ICRA Ltd., PNB holds 3.43 percent stake. Stock of PNB closed 5.06 per cent up at Rs 90.40 on BSE.

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