Last week, the bank and Carlyle Group, which owns over 32% in pnb housing finance, had announced their plans to sell at least 51% stake in the company.
Following the acquisition of PNB’s stake, FIMBank’s equity holding in IFFSL has increased to 79 per cent. The other shareholders. in international trade finance with offices in Malta, London and.
Housing finance mechanisms in India. housing finance companies borrow from banks to on-lend funds to individuals, the exposure is diversified as against a bank lending to a business entreprise for.
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.
Mumbai: PNB Housing Finance Ltd on Tuesday said Punjab National Bank and US private equity investor the Carlyle Group are in the process of selling at least 51% stake in the mortgage lender.
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Valuation of up to six times FY18 estimated book value for housing finance companies, which are focused on affordable housing, such as Repco Home Finance, CanFin Homes, Gruh Finance, PNB Housing.
PNB looks to sell 7% stake in PNB Housing Finance. The mortgage firm that listed on exchanges in November posted a net profit of Rs 137.8 crore for the quarter through December, an increase of 53% from a year earlier. At the end of the December quarter, its gross NPA totalled 0.37% of loan assets, compared with 0.35% a year earlier.
Carlyle to sell 4.8% stake in PNB Housing Finance The deal has been struck at Rs1,280/share, which is ~7% discount to PNB Housing Finance’s Monday close on the BSE at Rs1,374.
Read more about PNB not looking to sell its 7% stake: PNB Housing Finance MD on Business standard. punjab national bank (pnb) not looking to sell 7% of its stake in PNB housing finance, which raised Rs 3,000 crore capital from the markets last year in its first outing will open 23 more branches in 14 different cities in FY18 to expand the
PNB plans to sell non-core assets, may dilute stakes in subsidiaries Analysts note that making provisions for a significant chunk of these fraudulent transactions would lead to PNB falling below the minimum regulatory requirement on the capital front, in spite of the fund infusion from the government.
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