PNB Housing Finance Limited (NSEI:PNBHOUSING) could see a block deal worth INR 5,000 million in the coming days with information on the sellers of the stake not disclosed yet. The block deal is expected for the sale of 6.96 million shares of the company. The floor price for the deal has been set at INR 717 per share according to sources cited by CNBC Awaaz.

This is at a discount of almost 9% over the current market price. The shares of PNB Housing on May 28, 2024 ended at INR 788 on the NSE, down by INR 10.85 or 1.36% from May 24, 2024 closing price.