June 11, 2018 / 4:56 AM / a month ago

BUZZ-India's PNB Housing Finance hits over 1-yr low on report of Carlyle's stake sale plan

** Shares of non-bank lender PNB Housing Finance Ltd fall as much as 6.3 pct at 1,063.50 rupees - lowest since March 15, 2017

** U.S. private equity firm Carlyle Group is looking to sell its 33 pct stake in PNBH, local daily Economic Times reports here, citing people familiar with the matter

** Deal would yield a return several times the money Carlyle initially invested 3 years ago, the report adds

** PNBH did not respond to a Reuters request for comment while Carlyle declined to comment on the report

** Carlyle is the biggest shareholder in PNBH with 37.14 pct stake as on March 31 - Thomson Reuters data

** More than 1 mln shares changed hands vs. 30-day moving avg of 441,601

** Up to Friday’s close, stock had fallen 15.3 pct this year

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