Shares of PNB Housing Finance rose 3% in early trade on April 21 after Goldman Sachs sold 5 lakh shares in open market trading on Thursday. Nippon India MF bought a stake in the company and increased its stake by 0.29%.

Shares of PNB Housing Finance were trading 1.23% higher at Rs 431.80 at 10:26 am on the NSE. According to block trade data provided by the exchange, Goldman Sachs Mauritius Fund sold a 0.29% stake, and Nippon India MF picked up the same. The deal was executed at a weighted average price of Rs 133. The deal is valued at Rs 56.65 crore.

PNB Housing Finance is primarily a public company, with the public owning 40.84% ​​of the shares. The promoters hold 32.53% of the shares, while domestic fund companies have 2.99% of the shares. Foreign portfolio investors own a 23.64% stake, with Investment Opportunities V Pte and the General Atlantic Singapore Fund holding it.

PNB Housing Finance reported its third-quarter results on January 24 and reported a 43% jump in net profit to Rs 269 crore, driven by a sharp rise in core net interest income in the December quarter, despite slower loan growth during the period.

The company’s net interest income jumped 67% to Rs 734 crore in the quarter as it passed on rising rates to customers, although its main retail loan book edged up 6.6% to Rs 53,123 crore. The retail book accounted for 92% of the asset, the company said in a statement.