PNB Housing hits upper circuit as Aditya Puri, Carlyle line up to pick up stake
MUMBAI: has turned heads on Dalal Street today after the company said that its promoter Punjab National Bank will be relinquishing its role as the majority shareholder through induction of fresh capital from private equity giant The Carlyle Group and Aditya Puris Salisbury Investments. The stock hit upper circuit on the BSE today.
Carlyle and its affiliated funds will invest up to Rs 3,185 crore in the housing finance company through a preferential allotment of equity shares and warrants at a price…
