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Morgan Stanley Acquires 1.4 Crore PNB Housing Finance Shares for ₹1,336 Crore

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Synopsis:

Morgan Stanley acquired 1.4 crore PNB Housing Finance shares at ₹939.3 each, valued at ₹1,336 crore, while Carlyle reduced its stake to 10.44%. PNB Housing Finance shares dropped 6.90% post-transaction.

Morgan Stanley news today

Morgan Stanley, through its arm Morgan Stanley Asia Singapore, has purchased over 1.4 crore shares of PNB Housing Finance. This acquisition, representing a 5.4% stake in the company, was made at an average price of ₹939.3 per share, amounting to a total investment of ₹1,336 crore. The transaction was part of a larger open market deal worth ₹1,664 crore that also involved Societe Generale and Ghisallo Master Fund.

Also read: Varun Beverages Opens ₹5,500 Crore QIP, Sets Floor Price at ₹594

PNB HOUSING FIN LTD.

Trade

904-20.65 (-2.23 %)

Updated - 14 November 2024
944.30day high
DAY HIGH
894.95day low
DAY LOW
2880521
VOLUME (BSE)

Key Takeaways:

  • Morgan Stanley’s Stake: 1.4 crore shares, 5.4% stake, valued at ₹1,336 crore.

  • Other Buyers: Societe Generale and Ghisallo Master Fund collectively purchased 35 lakh shares.

  • Average Purchase Price: ₹939.3 per share.

  • Total Deal Value: ₹1,664 crore.

Carlyle Group Offloads 9.43% Stake

In contrast to Morgan Stanley’s acquisition, Carlyle Group sold 2.45 crore shares of PNB Housing Finance through Quality Investment Holdings PCC. The sale reduced Carlyle’s stake from 19.87% to 10.44%. This transaction, executed at an average price of ₹939.42 per share, was valued at ₹2,301.58 crore.

Also read: Cipla Receives US FDA Form 483 with Eight Observations at Bengaluru Unit

Transaction Highlights

Entity

Stake Sold/Acquired

Shares Traded (Cr)

Price/Share (₹)

Transaction Value (₹ Cr)

Morgan Stanley

Acquired (5.4%)

1.4

939.3

1,336

Carlyle Group

Sold (9.43%)

2.45

939.42

2,301.58

Societe Generale & Others

Acquired (1.42%)

0.35

939.3

328.55

Impact On Morgan Stanley Share Price And PNB Housing Finance

Following these significant transactions, PNB Housing Finance share prices declined 6.90% to ₹915.35 on the NSE. The market may reflect increased scrutiny of the equity movements, while Morgan Stanley share price could exhibit resilience, supported by its strategic acquisition in the housing finance sector.

The bulk transactions highlight growing interest in PNB Housing Finance despite a significant stake reduction by Carlyle Group. Investors are closely watching the implications of these movements for both Morgan Stanley share price and PNB Housing Finance's future trajectory.

Also read: Tata Power Commissions 126 MW Floating Solar Project in Madhya Pradesh

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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