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Carlyle Group sells full stake in India's PNB Housing, Moneycontrol says
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Carlyle Group sells full stake in India's PNB Housing, Moneycontrol says
May 25, 2025 11:59 PM

May 2 (Reuters) - U.S. private equity group Carlyle

Group ( CG ) has sold its entire 10.44% stake in India's PNB Housing

Finance via block deals, business news website

Moneycontrol reported on Thursday, citing a termsheet.

Carlyle is the second-largest shareholder in the non-banking

finance company and held its stake via an affiliate called

Quality Investment Holdings, latest available exchange data

showed.

"The block trade has been launched at a floor price of 960

rupees per share," Moneycontrol also reported, citing a person

familiar with the development.

About 17.3 million PNB Housing shares, or roughly 60% of

the reported block deal, were sold in early trade, stock

exchange data showed, but did not name the seller or the buyers.

The shares were sold at 1,000.20 rupees each, a near 1%

discount to the stock's last close on Wednesday.

Carlyle Group ( CG ) and PNB Housing Finance did not immediately

respond to Reuters requests for comment. Reuters did not have

immediate access to the termsheet or further details of the

deal.

Shares of PNB Housing, however, rose 6% on Friday.

($1 = 83.8300 Indian rupees)

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