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

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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The last time ICICI Bank, State Bank of India and Punjab National Bank raised their lending rates (MCLR) was in the month of March 2018. During that time, the rate hike took place a day after SBI.

Public sector Punjab National Bank looks to raise over Rs 1,324.21 crore by diluting 6 per cent holding in subsidiary firm PNB. a headroom to sell up to 9 per cent stake in the subsidiary. "PNB has.

Aditya Birla Capital, Indiabulls Housing Finance, Kotak Bank and Hero Group’s unlisted arm Hero FinCorp are some of the prominent suitors lined up to buy majority stake in PNB Housing Finance. Ahead of the august 25 deadline for the submission of the expression of interest, many players have strategically tied up with private equity players to bid for the housing finance company.

ICEX’s shareholders will hold a 62.8% stake in the merged entity while the. Krishak bharati cooperative (kribhco), IDFC Bank, Reliance Capital, Indiabulls Housing Finance, Punjab National Bank,

New Delhi: 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.

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New Delhi, Jun 8 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.

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Our Company was incorporated as “PNB Housing Finance Private Limited” on. OUR PROMOTER: PUNJAB NATIONAL BANK. there has been no formal market for the Equity Shares of our Company.. are honestly held and that there are no other facts, the omission of which makes.. Fraud control unit.

MUMBAI: General Atlantic Partners (GA) and Varde Partners have emerged the frontrunners to pick up a 22% stake in PNB Housing Finance from Punjab National Bank for around Rs 3,500 crore in one of the most closely fought auctions for a mortgage firm, said three people aware of the development.