PNB differs with PNB Housing over proposed Carlyle deal
IANS
08 July 2021
The Punjab National Bank, in a letter on July 4, said that its board of directors is of the view that the board of PNB Housing Finance should take cognizance of SEBI s order and reconsider restructuring the deal in line with the regulator s directive.
Further to deliberations on the PNB letter, the board of the company, by a majority resolution passed on July 6, 2021, decided that since the issue involved relates to interpretation of law and is sub-judice before the Securities Appellate Tribunal (SAT), the board will await the SAT s order on this issue, PNB Housing said in a regulatory filing on Wednesday.
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