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Net profit hits Rs 4.83 billion; retail disbursements up 31% YoY
Morgan Stanley secures 6.8% stake in PNB Housing
The shares were sold at an average price of Rs 939.42 per piece.
Morgan Stanley, partners acquire 6.8% stake in PNB.
Foreign investor Asia Opportunities V reduces holding in the housing finance company
Asia Opportunities V divests 3% stake in PNB Housing, raising ?6.76 Bn.
Chandalia & Naysar Parikh each paid Rs 5 million, while Ronak Parikh paid Rs 4.5 million.
The bank is said to open a representative office in Dubai.
The institutions will collaborate to fund such projects.
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