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PNB raises Rs1,315cr through stake sale in PNB Housing Finance

Press Trust of India  |  New Delhi 

Public sector lender National has raised over Rs 1,315 crore through sale of in subsidiary firm PNB Housing (PNBHFL) through the offer for sale (OFS) route.

"The successfully sold 98,15,860 equity of PNBHFL to different investors (non-retail and retail) at above the floor price/cut off price, with gross sales consideration of Rs 1,315.33 crore," PNB said in a regulatory filing.

PNB said last month had said that it would sell up to 99,94,000 equity on November 28 (for non-retail investors only) and on November 29 (for retail investors and non-retail investors who choose to carry forward their bids) representing 6 per cent of the total paid up equity share capital of the company (PNB Housing Finance).

National shares were trading at Rs 173.20, up 0.06 per cent on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 14:10 IST