Read more about Board of PNB Housing Finance approves capital raise of up to Rs 4000 cr on Business Standard. Pluto Investments S.a.r.l., an affiliated entity of Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V, L.P. (together, Carlyle) has agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a
Pluto Investments, an affiliated entity of Carlyle Asia Partners has agreed to invest up to Rs 3,185 cr through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share. Existing shareholders of the Company, funds managed by SSG and General Atlantic, are also participating in the capital raise.
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The Carlyle Group raised around Rs 3,936 crore by selling 4.1 crore shares in SBI Life through multiple block deals in Friday, generating a near 2 times return from a two year old investment , exchange and regulatory data showed.
A bunch of global institutional investors including Vanguard, Abu Dhabi Investment Authority, Kuwait Investment Authority and Norges Bank are among investors who bought shares from CA Emerald Investments, an affiliate of Carlyle Asia Partners.
SBI Mutual Fund, HDFC Mutual Fund Franklin Templeton are among the domestic investors, who bought shares from Carlyle. Shares were sold at Rs 960 a piece.
The Washington-headquartered buyout group had acquired a 9% stake in