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On Friday, state-run punjab national bank (pnb) said in a regulatory filing that it will be selling a part of its stake in PNB Housing Finance to General Atlantic and Varde Partners for Rs 1,851.

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 · In December, Dewan Housing Finance Corp decided to sell its stake in the mutual fund business to its US partner Pramerica Financial, Inc. IDBI Bank has been struggling with a mountain of non-performing assets for the past few years. In fact, the lender has the worst asset quality among Indian banks, with almost 30% of its outstanding loans.

State-run Punjab National Bank (PNB) on Friday said it will sell its partial stake in PNB Housing Finance to global private equity firm General Atlantic Group and alternative investment firm Varde.

New Delhi, March 29 state-run punjab national Bank (PNB) on Friday said it will sell part of its stake in PNB Housing Finance (PNBHFL) to global equity firms General Atlantic Group and Varde.

on Tuesday said it had attached 11 properties worth over Rs 56 crore of fugitive diamond jeweller Nirav Modi in Dubai in connection with its money-laundering probe in the $2-billion Punjab National.

Global private equity firm Carlyle Group. This is Carlyle’s second venture with a state-run lender in India. It had earlier acquired a 49% stake in PNB Housing Finance Ltd, a joint venture with.

State-run insurance giant LIC has lowered its holdings in as many as 27 of the 50 blue-chip firms forming the market benchmark index Nifty, while selling. Punjab National Bank, Sun Pharma and Tata.

The earnings season for the banks drew to a close this week, with state-run lender Punjab National Bank (PNB. requirements this financial year. The bank will also try to sell its stake in its.

Earlier this month, PNB called off a deal to sell stake in its housing finance arm to global private equity firms General Atlantic and varde partners. mehta also said that the lock-in period of PNB’s stake in the housing arm PNB Housing is about to expire and the bank can take a call on entire stake sale depending on the market conditions.

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CEO Sunil Mehta says Punjab National Bank looking to sell 10% stake in PNB Housing Finance and that the bank has received in-principle approval for PNB MetLife IPO