Punjab National Bank (BSE:532461) has appointed merchant bankers to sell a controlling stake in PNB Housing Finance Limited (BSE:540173), a top bank official has said. The deal is expected to be finalised in the next few months, the official added. Last week, the bank and The Carlyle Group L.P. (NasdaqGS:CG), which owns over 32% in PNB Housing Finance, had announced their plans to sell at least 51% stake in the company.
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
788.6 INR | -1.22% | +5.48% | +0.99% |
May. 22 | Transcript : PNB Housing Finance Limited - Analyst/Investor Day | |
Apr. 30 | Indian shares set to open higher in line with global peers | RE |
Stocks mentioned in the article
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Change
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5d. change
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Capi.
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2,430 KRW | +0.41% | +2.97% | 39.02M | ||
128 INR | -1.12% | +1.55% | 17.16B | ||
43.09 USD | -3.28% | -0.65% | 16.03B | ||
EPS Revisions
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
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-10.29% | 82.97B | |
-7.63% | 20.69B | |
+10.74% | 14.18B | |
+40.19% | 8.72B | |
-6.68% | 6.91B | |
+2.81% | 4.65B | |
+20.39% | 4.24B | |
-15.95% | 3.21B | |
-4.59% | 2.64B |
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- Investment Bankers Appointed To Sell Stake In PNB Housing Finance