On 30 March 2019, Punjab National Bank announced that it had signed an agreement to sell a 13.01% stake in PNB Housing Finance to private equity firm General Atlantic and alternative investment firm Varde Partners for ₹1,851.60 crore (US$210 million).
[3][4] As on 31 December 2018, the shareholding pattern in PNB HFL, Highest shareholding is 32.7 percent of PNB BANK (PROMOTER/Parent) & 32.3 Percent of Quality investment holding (QIH) & remaining part of FII, public, mutual fund companies, corporate bodies & others.
The Company does have a 100% owned subsidiary for offering various loans under a dedicated direct sales force.
The company has Pan India presence in more than 60 locations through a network of 84 branches & 36 outreach offices as on 31 March 2018.
Company’s 22 hubs are located at New Delhi, Bengaluru, Chandigarh, Bhopal, Chennai, Noida, Jaipur, Dehradun, Lucknow, Kolkata, Trivandrum, Cochin, Coimbatore, Mumbai, Thane, Pune, Ahmedabad, Indore and Hyderabad which support branch operations The company provides doorstep service for its products via Direct Sales Team (DST) channel.