Punjab National Bank (PNB) and Quality Investment Holdings (The Carlyle Group) have proposed sale of minimum 51% stake in PNB Housing Finance to the potential acquirers.
PNB owns 32.79% and Quality Investment Holdings owns 32.36% of the paid up equity share capital of the Company. The Board of Directors of the bank has been apprised about the same.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
