Singapore-Based Investor Raises Stake In PNB Housing Finance

Singapore-based Investment Opportunities V Pte Ltd raised its holdings in PNB Housing Finance to 9.92% from 8.19% during the quarter ending December 2020. The foreign portfolio investor held 1.67 crore equity shares in the Indian mortgage lender at the end of December, against 1.38 crore shares held three months back, according to shareholding details filed by PNB Housing Finance to stock exchanges. All foreign portfolio investors taken together have 24.55% holdings in the Indian mortgage lender at the end of December 31, up from 23.95% as of September 30 last year. Punjab National Bank, the promoter, holds 32.65%. The Carlyle Group held 32.22% in PNB Housing as of September through a group company called Quality Investment Holdings.