PNB Housing Finance-Carlyle Deal: SAT Questions Regulator's Intervention
Jul 13 2021, 8:44 PM July 13 2021, 6:15 PM July 13 2021, 8:44 PM The Securities Appellate Tribunal raised concerns on the market regulatorâs directions to PNB Housing Finance Ltd. that came even before the companyâs shareholders could vote on the preferential allotment resolution.In the hearing on Tuesday, the appellate tribunal "raised an objection" on Securities and Exchange Board of Indiaâs stance that the preferential allotment resolution is ultra vires the company's articles and should not be... The Securities Appellate Tribunal raised concerns on the market regulatorâ...
Source: bloombergquint.com