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PNB to offload its stake in PNB Housing: Punjab National Bank has entered into agreements for sale of 1,08,91,733 equity shares held in PNB Housing Finance (PNBHF) to General Atlantic Group at a per share price of Rs 850 aggregating to Rs 925.80 crore.
Also, sale of 1,08,91,733 equity shares held in PNBHF to VardePartners at a per share price of Rs 850 aggregating to Rs 925.80 crore.
Meanwhile, PNB would continue to hold strategic stake of 19.78 percent of the paid up capital of PNBHF.
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