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GIC in talks to buy stake in PNB Housing

GIC plans to invest about $175 million in PNB Housing

August 06, 2014 3:26 IST | India Infoline News Service
Singapore's GIC is in talks to buy 49% stake in PNB Housing Finance Ltd currently held by investment firm New Silk Route, according to a media report.
GIC plans to invest about $175 million in PNB Housing. PNB Housing Finance is a domestic mortgage lending unit of state-run Punjab National Bank, which holds the remaining 51 percent stake.

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