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Stocks

Neuland Laboratories And PNB Housing Finance Witness Big Deals

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We bring you the “Big Deals” for today. A summary of the most important Bulk and Block Deals.

Today’s Big Deals:

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PNB Housing Finance

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General Atlantic Investments purchased 56.52 lakh shares or 3.42% valuing the deal at Rs. 502 crore.
PNB Housing Finance listed on the bourses today, Rs 3,000 crore through the IPO. The IPO priced Rs. 750-775 per share closed at Rs. 891.15/- i.e. 15%. General Atlantic was one of the anchor investors through which PNB Housing Finance raised an amount of Rs. 894 crore on 25th October.
Incorporated in 1988, PNB Housing Finance – a subsidiary of Punjab National Bank offers housing loans to individuals and corporate bodies for the construction, purchase, repair, and upgradation of houses, as well as loans for commercial space, purchase of residential plots, loan against properties, and loans for real estate developers.
PNB Housing Finance has 48 branches and around 800 employees across northern, western and southern regions. About 40% of its business comes from north India, with south and west both contributing 30% each.
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Neuland Laboratories – manufacturer of active pharmaceutical ingredients. It offers products including Ciprofloxacin HCl, Mirtazapine, Ranitidine HCl, Enalapril Maleate, Ramipril, Sotalol HCl, Olanzapine, Ipratropium Bromidet, Itraconazole & Salmeterol.
Nomura Singapore acquired 58,262 shares or 0.66% valuing the deal at Rs. 5.96 crore. The stock closed up 4% at Rs. 1025.85/-.
The stock is also held by Reliance MF and SBI MF as well though no Big Whales own the stock yet.
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