financetom
Business
financetom
/
Business
/
Carlyle Group sells its entire stake in India's PNB Housing
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Carlyle Group sells its entire stake in India's PNB Housing
May 26, 2025 12:12 AM

May 2 (Reuters) - U.S. private equity firm Carlyle Group ( CG )

has sold its entire 10.44% stake in India's PNB Housing Finance

via block deals, according to an exchange filing on

Friday.

Carlyle was the second-largest shareholder in the

non-banking finance company and held its stake via an affiliate

called Quality Investment Holdings, the filing said.

The PE firm made its first investment in the mortgage lender

in 2015.

Shares of PNB Housing closed up 4.14% on Friday.

($1 = 83.8300 Indian rupees)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Spotify royalty payouts to Nigerian, South African artists boom in 2024
Spotify royalty payouts to Nigerian, South African artists boom in 2024
Apr 4, 2025
JOHANNESBURG (Reuters) - Audio streaming giant Spotify's ( SPOT ) royalty payments to artists from Nigeria and South Africa - its two biggest African markets - spiked to around $59 million last year as performers rode a wave of growing interest in music from the continent. The Swedish company paid out some $10 billion in royalties worldwide in 2024. And...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Foremost Clean Energy Starts 2025 Drilling Program at Hatchet Uranium Project
Foremost Clean Energy Starts 2025 Drilling Program at Hatchet Uranium Project
Apr 4, 2025
08:36 AM EDT, 04/04/2025 (MT Newswires) -- Foremost Clean Energy ( FMST ) on Friday said it began the 2025 exploration drill program at the Hatchet Lake Uranium Project, located in the Athabasca Basin of northern Saskatchewan. The company said the drill testing is expected to evaluate the project's top exploration prospects at both the Tuning Fork target area and...
Cintas Names Scott Garula as CFO
Cintas Names Scott Garula as CFO
Apr 4, 2025
08:30 AM EDT, 04/04/2025 (MT Newswires) -- Cintas ( CTAS ) said Friday that Scott Garula has been named chief financial officer, succeeding Mike Hansen, who is retiring. Hansen will move to a new role as assistant to the chief executive officer on May 31 to support the transition to Garula, who currently serves as president of the company's rental...
Copyright 2023-2026 - www.financetom.com All Rights Reserved