Sebi puts on pause Rs 4,000-cr Carlyle, PNB Housing deal

Sunday, 20 June 2021Newsdesk

In a letter issued to PNB Housing Finance (PNBHF) late Friday evening, the capital markets regulator, Securities and Exchange Board of India (Sebi), has effectively put on pause its Rs 4,000-crore share allotment to a clutch of companies led by The Carlyle Group.

New Delhi, 20 June 2021

As per news report of The Indian Express, this would have made the US-based private equity giant a majority shareholder in the company and brought down the stake of Punjab National Bank in its housing finance subsidiary to under 26%.On May 31, PNBHF issued a notice for an Extraordinary General Meeting (EGM) of shareholders to be held on June 22 to approve the issuance of its shares to investors led by Carlyle including Aditya Puri, former MD of HDFC Bank and a senior advisor to Carlyle.

Source -The Indian Express