Punjab National bank (PNB) is hoping to complete the stake sale in its home loans unit—PNB Housing Finance—by the end of the current financial year and also list its insurance venture PNB MetLife India Insurance Co. Ltd, as it looks to monetize its non core assets to preserve capital. PNB Housing Finance had in a stock exchange notification last month said that PNB and US private equity investor The Carlyle Group are in the process of selling at least 51% stake in the mortgage lender.
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