Global growth equity firm General Atlantic has acquired an additional 3.38 percent stake in PNB Housing Finance, a Bombay Stock Exchange-listed loan provider, for INR5.01 billion (approximately US$75 million) following the company’s trading debut. General Atlantic first acquired shares worth US$7 million in the company as an anchor investor in its IPO, concluded in late October 2016, in which PNB Housing Finance raised INR8.9 billion (approximately US$134 million) by selling new shares to 45 investors. The Carlyle Group, which acquired 49 percent ownership of the company in 2015, had its stake diluted to approximately 37 percent after the offering.