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PNB Housing: PNB Housing's wait for capital gets longer


Mumbai | Kolkata: PNB Housing Finance’s two-year-long wait for capital was about to end this month. But uncertainty surrounds the fundraising plan as the mortgage lender battles allegations of short-changing minority investors and bypassing procedures to benefit a few.
The proposal to raise Rs 4,000 crore in a share sale structure that aimed to balance the need for funds to grow and overcome investment curbs faced by parent
Punjab National Bank (PNB) is facing scrutiny on whether it ticks all the boxes on governance and legal compliance.
The board of PNB Housing on May 31 approved placement of 82 million preferential equity shares and 20.5 million share warrants with Pluto Investments, a Carlyle Group company, Salisbury Investments, the family investment vehicle of former HDFC Bank MD Aditya Puri, General Atlantic Singapore Fund FII and Alpha Investments V. Carlyle led the infusion with 80 per cent contribution. ....

Mashonaland East , Articles Of Association Ao , Atlantic Singapore Fund , Bank Md Aditya Puri , Stakeholders Empowerment Services , Carlyle Group , Pluto Investments , Salisbury Investments , General Atlantic Singapore Fund , Alpha Investments , Securities Appellate Tribunal , Reserve Bank , மஷோனலண்ட் கிழக்கு , கட்டுரைகள் ஆஃப் சங்கம் அவ் , அட்லாண்டிக் சிங்கப்பூர் நிதி , கார்லைல் குழு , ப்லூடோ முதலீடுகள் , ஜநரல் அட்லாண்டிக் சிங்கப்பூர் நிதி , ஆல்பா முதலீடுகள் , பத்திரங்கள் மேல்முறையீடு தீர்ப்பாயம் , இருப்பு வங்கி ,

PNB may seek clarity on housing finance arm's fund raising deal involving PE investors


PNB may seek clarity on housing finance arm s fund raising deal involving PE investors
​ By
IANS
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New Delhi: An employee comes out as Punjab National Bank pulls down the shutters during two day bank strike spearheaded by the United Forum of Bank Unions (UFBU), an umbrella body of nine unions; in New Delhi on May 30, 2018. The bankers are striking. Image Source: IANS News
New Delhi, June 9 : The board members of Punjab National Bank (PNB) including its independent directors may seek more clarity on the PNB Housing Finance fund raising deal.
The Rs 4,000 crore transfer of control deal in PNB Housing Finance to a private equity led consortium led by Carlyle Group has faced opposition from proxy advisory firms and a section of PNB s minority shareholders feel that the entire deal was concluded in a non-transparent manner. ....

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PNB board may seek clarity on housing finance arm's fund raising deal involving PE investors


PNB board may seek clarity on housing finance arm s fund raising deal involving PE investors
IANS
09 June 2021
 
The Rs 4,000 crore transfer of control deal in PNB Housing Finance to a private equity led consortium led by Carlyle Group has faced opposition from proxy advisory firms and a section of PNB s minority shareholders feel that the entire deal was concluded in a non-transparent manner.
 
A senior executive of the public sector bank (PSB) confirmed that though there was no regulatory issues with the transaction, more clarity could be sought on the contours of the deal. PNB is expected to address some of the concerns raised on the deal at the shareholders meet scheduled next month. ....

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