Morgan Stanley, Societe Generale and another entity on Wednesday picked up a total of 1.77 crore, or 6.82 per cent stake, of PNB Housing Finance through open market transactions worth Rs 1,664 crore.
According to bulk deal data available on the National Stock Exchange (NSE), Morgan Stanley through its arm Morgan Stanley Asia Singapore purchased over 1.42 crore shares or a 5.4 per cent stake in PNB Housing in two transactions.
Ghisallo Master Fund bought 17.90 lakh shares of PNB Housing while Societe Generale acquired 17.09 lakh shares of the firm, as per the data.
The shares were bought at an average price of Rs 939.30 apiece, taking the combined transaction value to Rs 1,664.55 crore.
Meanwhile, global investment firm Carlyle Group through its affiliate Quality Investment Holdings PCC offloaded 2.45 crore shares or 9.43 per cent stake in PNB Housing Finance for Rs 2,301.58 crore through open market transactions.
The shares were sold at an average price of Rs 939.42 per piece.
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