Carlyle sells 9.43% stake in PNB Housing Finance for Rs.2,302-Cr

Carlyle Group (through its affiliate Quality Investment Holdings PCC) has reduced its stake in publicly-listed PNB Housing Finance. The investor sold 2.45 crore shares, representing 9.43% stake, for INR 2,301.58 crore via open market transactions. The shares were sold at an average price of INR 939.42 each.Following this sale, Carlyle's holding in PNB Housing Finance decreased from 19.87% to 10.44%. In July, Carlyle had divested a 12.8% stake in the company for INR 2,578 crore.