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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Awaiting price reaction for this filing.
GIC Private Limited, acting on behalf of the Government of Singapore and the Monetary Authority of Singapore, has sold 1,630,002 equity shares (0.626%) of PNB Housing Finance through open market transactions on 04 August 2025. After the sale, GIC's combined holding stands at 8,415,869 shares, or 3.231% of the company, down from 3.857% before the transaction. This disclosure was triggered because GIC's cumulative selling across multiple non-reportable tranches since 30 July 2025 (when it held 5.388%) crossed the 2% reporting threshold under SEBI Takeover Regulations. The shares were sold via open market and the acquirer is not part of the promoter group.
A continued reduction by a large foreign institutional investor can be a mild negative sentiment signal for the stock, as it suggests trimming of institutional conviction. However, GIC still retains a meaningful ~3.23% stake, so this is not an exit.