Read more about PNB Housing Fin zooms 20% on board nod to raise Rs 4,000 crore on Business Standard. Carlyle has agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share
Read more about PNB Housing hits the roof after board OKs capital raise proposal of Rs 4,000 cr on Business Standard. PNB Housing Finance hit an upper circuit of 20% at Rs 525.20 after the company announced that its Board has approved a capital raise of up to Rs 4,000 crore, led by entities affiliated to The Carlyle Group Inc.
Carlyle and its affiliated funds will invest up to Rs 3,185 crore in the housing finance company through a preferential allotment of equity shares and warrants at a price of Rs 390 per share, a discount of nearly 11 per cent to Fridays closing price.
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