PNB Housing Finance , acting on behalf of the Government of Singapore (GOS) and Monetary Authority of Singapore (MAS), has reduced its combined shareholding in PNB Housing Finance Limited. The stake reduction was executed through open market transactions on July 28, 2025.

Stake Reduction Details

According to the disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011:

• The combined shareholding of GOS and MAS decreased from 5.484% to 5.388%
• Total shares held after the sale: 14,033,627 equity shares
• Government of Singapore's holding decreased to 4.493%
• Monetary Authority of Singapore's stake fell to 0.895%

Transaction Breakdown

Historical Context

GIC had previously held a 7.41% stake in PNB Housing Finance as of September 2024. The current transaction is part of a series of stake reductions by GIC over time. The company has been gradually reducing its position through multiple transactions, some of which were non-reportable to stock exchanges.

Market Impact

The sale was conducted through open market transactions, which may have an impact on the stock price of PNB Housing Finance Limited. Investors and market analysts will likely monitor the stock's performance in the coming days to assess any potential effects of this stake reduction.

Regulatory Compliance

The disclosure of this transaction complies with SEBI regulations, ensuring transparency in substantial share transactions. Such disclosures are crucial for maintaining market integrity and keeping shareholders informed about significant changes in ownership patterns.

About PNB Housing Finance Limited

PNB Housing Finance Limited is a prominent player in the Indian housing finance sector. The company is listed on both the National Stock Exchange of India Limited and BSE Limited. As of June 30, 2025, the total equity share capital of PNB Housing Finance stood at 260,452,282 shares.

This stake reduction by GIC Private Limited may prompt investors to closely watch for any further changes in the ownership structure of PNB Housing Finance and its potential implications on the company's future strategies and performance.

PNB Housing Finance Limited has successfully raised ₹400 crore through the allotment of non-convertible debentures (NCDs), marking a significant move in its fundraising efforts. The company's Management Committee for allotment of NCDs approved this private placement on July 23, 2025.

Key Details of the Debenture Issue

• Issue Size: 40,000 NCDs with a face value of ₹1 lakh each
• Total Amount: ₹400 crore
• Coupon Rate: 7.4342% per annum
• Tenure: 5 years, maturing on July 23, 2030
• Security: Exclusive charge on specific book debts with minimum security coverage of 1 time
• Listing: To be listed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Ltd. (NSE)

Payment Schedule

The debentures come with an annual interest payment schedule:

Additional Terms

In case of default in payment of interest or principal, an additional interest of 2% per annum over the coupon rate will be charged for the defaulting period.

Implications and Utilization

This debenture issue demonstrates PNB Housing Finance's ability to tap into the debt market for funding. The successful placement of these secured, rated NCDs indicates investor confidence in the company's financial stability and growth prospects.

The funds raised through this issue are likely to be utilized for the company's lending activities and general corporate purposes, potentially supporting its growth strategy in the competitive housing finance sector.

Management Changes

In a separate development, PNB Housing Finance also announced the resignation of Mr. Dilip Vaitheeswaran, Chief Sales Officer, effective August 14, 2025. Mr. Vaitheeswaran is leaving to pursue other opportunities after serving the company for over two years.

These recent developments - the successful fundraising and the management change - reflect the dynamic nature of PNB Housing Finance's operations as it navigates the evolving landscape of the Indian housing finance industry.