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.
New Delhi [India], May 31 (ANI): PNB Housing Finance Ltd said on Monday its board of directors has approved a capital raise of up to Rs 4,000 crore led by entities affiliated to Carlyle Group Inc.
Read more about Carlyle Group to acquire controlling stake in PNB Housing Finance on Business Standard. Aditya Puri to come on board; Carlyle to appoint chairperson
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.