Carlyle Group sells its entire stake in India's PNB Housing

U.S. private equity firm General Atlantic also sold its entire stake worth in August 2024.

Representative Image / REUTERS/Jeenah Moon

U.S. private equity firm Carlyle Group has sold its entire 10.44 percent stake in India's PNB Housing Finance via block deals, according to an exchange filing on May 2.

Carlyle was the second-largest shareholder in the non-banking finance company and held its stake via an affiliate called Quality Investment Holdings, the filing said.

Also Read: General Atlantic exits India's PNB Housing in $127 million deal

The PE firm made its first investment in the mortgage lender in 2015.

Shares of PNB Housing closed up 4.14% on May 2.

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