New Delhi, Foreign investors General Atlantic and Asia Opportunities V (Mauritius) on Thursday sold a 4.9 per cent stake in PNB Housing Finance for Rs 1,004 crore through open market transactions.

US private equity firm General Atlantic, through its subsidiary General Atlantic Singapore Fund FII Pte, offloaded shares of PNB Housing Finance through a massive deal on the National Stock Exchange (NSE).

Both entities disposed of over 1.27 million shares or 4.9 per cent stake in PNB Housing Fin.

As per available data, General Atlantic Singapore Fund FII and Asia Opportunities sold 63.79 lakh shares each, representing a 4.9 per cent stake in the public sector housing finance company.

The shares were sold in the range of Rs 786.46 to Rs 787.88 each, taking the combined transaction value to Rs 1,004.28 crore.

After the stake sale, Asia Opportunities V (Mauritius)'s stake in PNB Housing Finance has decreased from 9.88 percent to 7.43 percent.

General Atlantic's stake in the company has been reduced from 9.82 percent to 7.37 percent.

Meanwhile, financial services companies BNP Paribas acquired 28.62 lakh shares of PNB Housing Finance, and Morgan Stanley acquired 22.85 lakh shares of the public sector company.

BNP Paribas through its subsidiary BNP Paribas Financial Markets and Morgan Stanley through its subsidiary Morgan Stanley Asia Singapore bought shares of PNB Housing Finance.

The shares were bought at an average price of Rs 785 each, taking the total size to Rs 404.10 crore.

Details of the other buyers of PNB Housing Finance shares could not be ascertained.

Shares of PNB Housing Finance plunged 5.43 per cent to close at Rs 794.40 apiece on the NSE.

Last month, Asia Opportunities V (Mauritius) and General Atlantic sold a 4.46 per cent stake in PNB Housing Finance for Rs 843 crore.