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PNB to sell stake in PNB Housing to General Atlantic, Varde for Rs 1,851 cr
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PNB to sell part stake in housing finance arm for Rs 1,852 crore

Both VardePartners and General Atlantic Group will buy 1.089 crore shares each at Rs 850 per share in the housing finance company

Topics
Pnb  |  Punjab National Bank  |  Pnb Housing Finance

Subrata Panda  |  Mumbai 



Punjab National bank
Punjab National bank is an Indian multinational banking and financial services founded in 1894 | Photo: Shutterstock

State-run (PNB) is selling part of its stake in Housing to global private equity firm General Atlantic Group and alternative investment firm Varde Partners for Rs 1,851.60 crore.

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First Published: Fri, March 29 2019. 12:52 IST

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