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Introduction
The Singapore government, Monetary Authority of Singapore, and Goldman Sachs have significantly increased their stakes in PNB Housing Finance through open market transactions, as per a recent development. This significant move is likely to have a notable impact on the company’s financial performance and overall trajectory.
Singapore Government, Monetary Authority of Singapore, and Goldman Sachs Increase Stakes in PNB Housing Finance
According to the block deal data available on the National Stock Exchange (NSE), the Singapore government purchased 13.16 lakh shares, the Monetary Authority of Singapore purchased 2.13 lakh scrips, and Goldman Sachs (Singapore) acquired 92,000 units of PNB Housing Finance. The shares were acquired at an average price of Rs 1,097.30 per share, resulting in a deal value of Rs 178 crore.
Asia Opportunities V (Mauritius) Sells Stake in PNB Housing Finance
Meanwhile, Asia Opportunities V (Mauritius), a foreign portfolio investor, sold 16.22 lakh shares or 0.62 per cent stake in PNB Housing Finance at the same price. After the share sale, Asia Opportunities V (Mauritius) now holds 4.57 per cent stake in PNB Housing Finance, down from its previous holding of 5.19 per cent.
PNB Housing Finance Shares Fall Following Share Sale
On Thursday, shares of PNB Housing Finance fell 0.25 per cent to close at Rs 1,105.60 per share on the NSE.
Last Month’s Sale: Asia Opportunities V (Mauritius) Offloads 3 per cent Stake
It is worth noting that Asia Opportunities V (Mauritius) had offloaded a 3 per cent stake in PNB Housing Finance for over Rs 676 crore last month.
Conclusion
In conclusion, the recent increase in stakes by the Singapore government, Monetary Authority of Singapore, and Goldman Sachs in PNB Housing Finance is a significant development that is likely to have a notable impact on the company’s financial performance and overall trajectory. Additionally, the sale of stakes by Asia Opportunities V (Mauritius) has led to a decline in its holding in PNB Housing Finance. It remains to be seen how these developments will affect the company’s future prospects.
Frequently Asked Questions
Q1: What has increased their stakes in PNB Housing Finance?
The Singapore government, Monetary Authority of Singapore, and Goldman Sachs have increased their stakes in PNB Housing Finance through open market transactions.
Q2: How many shares were acquired by the Singapore government, Monetary Authority of Singapore, and Goldman Sachs?
The Singapore government acquired 13.16 lakh shares, the Monetary Authority of Singapore purchased 2.13 lakh scrips, and Goldman Sachs (Singapore) acquired 92,000 units of PNB Housing Finance.
Q3: At what price were the shares acquired?
The shares were acquired at an average price of Rs 1,097.30 per share.
Q4: What is the deal value of the share acquisition?
The deal value of the share acquisition is Rs 178 crore.
Q5: Who sold their stake in PNB Housing Finance?
Asia Opportunities V (Mauritius), a foreign portfolio investor, sold 16.22 lakh shares or 0.62 per cent stake in PNB Housing Finance at the same price.
