HDFC Standard Life buys PNB Housing Finance shares worth Rs 90 crore
According to the block deal data available on the BSE, HDFC Standard Life Insurance Company Ltd purchased a little over 10 lakh shares or 0.4 per cent stake in PNB Housing Finance.
)
HDFC Standard Life Insurance Co on Tuesday bought shares of PNB Housing Finance worth Rs 90 crore through an open market transaction.
According to the block deal data available on the BSE, HDFC Standard Life Insurance Company Ltd purchased a little over 10 lakh shares or 0.4 per cent stake in PNB Housing Finance.
The shares were picked up at an average price of Rs 900 apiece, taking the transaction value to Rs 90 crore.
Meanwhile, a foreign investor Asia Opportunities V (Mauritius) Ltd trimmed its stake by offloading shares of PNB Housing at the same price.
After the transaction, Asia Opportunities V holding in PNB Housing has come down to 0.94 per cent from 1.34 per cent.
Shares of PNB Housing Finance rose 2.33 per cent to close at Rs 922.80 apiece.
In August this year, Asia Opportunities V (Mauritius) offloaded a 3 per cent stake in PNB Housing Finance for over Rs 676 crore.
Before that, in May, Asia Opportunities V (Mauritius) and General Atlantic divested a cumulative 4.46 per cent stake in PNB Housing Finance for Rs 843 crore.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

SBI Senior Citizen FD Rates: Want to invest Rs 3,00,000 in SBI FD? You can get this much maturity amount in 1 year, 3 years, and 5 years

5 Stocks to Buy: Varun Beverages, ICICI Bank, Godrej Consumer, and 2 others for up 67% upside; check out long-term targets

SBI 5-Year FD vs SCSS: Which investment option can offer better returns with quarterly payments on Rs 6,00,000?

EPS Pension Calculation: Rs 40,000 basic salary, 30 years of service, what will be your monthly EPS pension amount?

Retirement Planning: How one-time investment of Rs 11,00,000 can create a Rs 3,30,00,000 retirement corpus

UPS vs NPS vs OPS: Last-drawn basic salary Rs 80,000; pensionable service 25 years; what can be your monthly pension in each scheme

9 Stocks to Buy for Short Term: Analysts recommend largecap stocks for 2 weeks; Tata Steel, SBI Life Insurance on the list

Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 45,000, or Rs 55,000? Know what can be your total pension as per latest DR rates
08:28 PM IST