• Rahul Kamdar
• 31 May, 2021

PNB Housing Finance Board has approved Capital Raising Proposal of Rs 4000 cr by Carlyle Group. The transaction is subject to customary regulatory approvals as well as shareholder approval. Pursuant to the Securities and Exchange Board of India’s Takeover Regulations, the proposed transaction will trigger a mandatory open offer by Pluto Investments, for the purchase of up to 26% equity shares of PNB Housing Finance from public shareholders
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