General Atlantic, Asia Opportunities V to sell 4 percent stake

worth rs 830 crore in PNB Housing Finance

US based General Atlantic and Asia Opportunities V (Mauritius) are likely sell shares worth Rs 830 crore in the housing finances firm PNB Housing Finances https://www.pnbhousing.com/ through open market transactions on Thursday, according to the term sheet issued by the bankers. These two funds propose to sell 1.08 crore shares, or 4.16% of the total equity, according to the term sheet. General Atlantic is expected to sell shares worth Rs 420 crore, while Asia Opportunities V (Mauritius) will sell shares worth Rs 410 crore. BNP Paribas and UBS Securities are the bankers for the deal. Last month, US based General Atlantic and Asia Opportunities V (Mauritius) divested a 4.46 per cent stake for Rs 843 crore through open market transactions. 

https://www.livehomes.in/news_letter