Quality Investment Holdings Pcc intends to sell 10.44% of the total equity via the block deal.
Floor price for the block deal has been fixed at ₹960 per share, which is a 5% discount to Wednesday’s closing price for PNB Housing.
At the floor price, the block deal is likely to be valued at ₹2,603.9 crore.
IIFL Capital is said to be the broker to the deal.
The housing finance company reported a beat on March quarter profit, led by recoveries from its retail written-off pool. Stock analysts remain positive on the stock following the March quarter earnings, as they see recoveries to continue in FY26.
PNB Housing Finance MD and CEO Girish Kousgi, said his HFC surpassed its stated guidance for the year FY25 on growth, asset quality and profitability.
Shares of PNB Housing Finance Ltd. closed 1.98% lower on Wednesday at ₹1,010. The stock is up 11% so far in 2025.
