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)