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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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PNB Housing shares: PNB Housing soars 95% in a week. What should investors do?

Yash Gupta, Equity Research Associate, Angel Broking, said long-term investors can remain invested in the stock, as it would be a one-of-a-kind turnaround story in the housing finance sector. ....

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PNB Housing hits 52-week high; soars 88% in seven days

Read more about PNB Housing hits 52-week high; soars 88% in seven days on Business Standard. PNB Housing Finance hit an upper circuit of 10% at Rs 762.50 on BSE, extending its winning run to seventh consecutive trading session. ....

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This stock rose 64% in a week; here's why- Business News

It has gained 274 per cent in the last 12 months and risen 90 per cent since the beginning of this year. ....

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PNB Housing Finance - Capital infusion brings notable triggers - ICICI Securities

PNB Housing Finance - Capital infusion brings notable triggers - ICICI Securities
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