PNB Housing shares surge 10% after General Atlantic likely offloads 5% stake

Shares of PNB Housing Finance surged 10% to a day’s high of Rs 893.60 on the BSE after General Atlantic reportedly sold a 5.4% stake in the company via a block deal in the pre-market block window.

According to a term sheet issued by IIFL Securities, General Atlantic Singapore Fund FII Pte intended to sell 1.33 crore shares at a floor price of Rs 775 each, aiming to raise Rs 1,033 crore.

However, the official parties involved in the transaction are not currently known.


The aforementioned floor price represents a 4.4% discount to Tuesday’s closing price of Rs 810.90. As of June 30, 2024, General Atlantic held a 5.13% stake in the housing finance company.

PNB Housing Finance has seen several other block deals this year. Earlier in July, the US-based private equity firm Carlyle sold a 12.8% stake in PNB Housing Finance through an open market transaction for Rs 2,578 crore.

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Prior to this, Asia Opportunities V (Mauritius) and General Atlantic Singapore Fund FII had also offloaded a cumulative 5.2% stake.

PNB Housing Finance reported strong first-quarter results for the financial year 2025, posting a 25% year-on-year growth in its consolidated profit after tax (PAT), reaching Rs 433 crore.

The net interest income (NII) increased by 4% year-on-year to Rs 642 crore for the June quarter.

Over the past year, PNB Housing Finance shares have surged 34.4%. In the last six months, the stock has risen by 21.6%, and so far this year, it has gained 12.7%.

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