PNB Housing Finance

Securities Appellate Tribunal allows PNB Housing Finance to withdraw its plea against SEBI

The Tribunal in an order passed on 16 November, allowed the housing finance company to withdraw the petition, PNB Housing Finance informed the exchanges.

published on : 18th November 2021

PNB Housing Finance terminates Carlyle deal

PNB Housing had challenged the SEBI order at the Securities Appellate Tribunal which passed a split verdict, after which SEBI has filed an appeal in the Supreme Court. 

published on : 15th October 2021

PNB Housing Finance plans Rs 35,000 crore debt capital as Carlyle deal hangs fire

PNB Housing Finance said in a regulatory filing on Wednesday that the company will seek shareholders' nod in its AGM on September 3, 2021.

published on : 11th August 2021

PNB Housing Finance-Carlyle deal in limbo as SAT delivers split verdict

Sebi ought to stop the voting at the EGM, saying it was necessary for shareholders to get the correct valuation at which investors led by the Carlyle Group would acquire shares and management control.

published on : 10th August 2021

SAT delivers split verdict on PNB Housing Finance-Sebi tussle; deal with Carlyle Group in limbo

The two-member SAT bench of Justice Tarun Agarwala and Justice M T Joshi has delivered a split verdict on the matter.

published on : 9th August 2021

CCI okays Carlyle-led deal with PNB Housing Finance

The regulator has asked PNB Housing not to go ahead with the deal until it undertook the valuation of its shares by an independent agency.

published on : 5th August 2021

PNB Housing-Carlyle deal: A Plan B for fundraising is likely in the works

Post the capital infusion, Carlyle Group will eventually become a promoter and PNB’s shareholding will get diluted to little over 20 per cent and thereby become a smaller partner.

published on : 4th July 2021

Carlyle deal: PNB Housing Finance holds extraordinary general meeting

When contacted, the company said it will inform about the outcome of the meeting through stock exchange filings.

published on : 23rd June 2021

Carlyle deal: SAT sets aside Sebi direction; allows PNB Housing Finance to hold EGM on Tuesday

However, results of the shareholders' voting will not be disclosed till further directions from the tribunal.

published on : 21st June 2021

Sebi bars PNB Housing shareholders from voting on Rs 4,000 crore Carlyle deal

The watchdog said the resolution regarding the deal, which was to be put for shareholders' vote on June 22, was "ultra-vires" of the company's Articles of Association

published on : 20th June 2021

PNB Housing Finance deal: Carlyle Group floats ‘draft letter offer’

Meanwhile, both Reserve Bank of India (RBI) as well as Sebi will look into various regulatory issues related to the proposed investment in PNB Housing by Carlyle and others. 

published on : 15th June 2021

Sebi looking into PNB Housing deal with Carlyle

While PNB Housing said it was not giving away control to Carlyle, SES rubbished the claim saying that the fact that PNB has not cededed control is technically incorrect.

published on : 12th June 2021

Carlyle-led capital infusion plan for PNB Housing faces red flags

According to a section of proxy advisory firms, the Rs 4,000 crore investment in PNB Housing Finance, led by Carlyle Group, is against the interests of minority shareholders of the mortgage lender.

published on : 9th June 2021

Carlyle Group, Aditya Puri among others to infuse Rs 4,000 crore in PNB Housing Finance

Carlyle, through a separate vehicle, Quality Investments Holdings currently owns 32.2 per cent in the company.

published on : 1st June 2021

PNB Housing Finance to raise up to Rs 4,000 crore from Carlyle Group entities, others

PNB Housing Finance's board has approved a capital raise of up to Rs 4,000 crore, led by entities affiliated to The Carlyle Group Inc, the company said in a regulatory filing.

published on : 31st May 2021