The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for GIC Pvt Ltd
PNBHOUSING · price
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On the reaction day the stock moved 2.4 pts less than Nifty Smallcap 250 and 2.1 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
GIC Private Limited, acting on behalf of the Government of Singapore and the Monetary Authority of Singapore, sold 232,216 equity shares (0.089%) of PNB Housing Finance via open market on 28 July 2025. GOS sold 195,625 shares (0.075%) and MAS sold 36,591 shares (0.014%). Post-sale, GIC's combined holding in PNB Housing Finance dropped from 5.484% (14,265,843 shares) to 5.388% (14,033,627 shares). GIC is classified as a non-promoter (FII category). The disclosure was triggered because cumulative sales by GIC since its last disclosure on 11 September 2024 crossed the 2% reporting threshold, taking its stake from 7.41% down to 5.388%.
A continued reduction by a major sovereign wealth fund investor (GIC) signals waning institutional confidence and may exert mild downward pressure on the stock. Shareholders should note that this is part of a gradual exit by GIC over several months rather than a single large block sale.