PNB Housing Fin board approves capital raise of up to ₹4,000 crore
PNB Housing Finance Limited (PNBHFL), on Monday, announced that its board has approved a capital-raise of up to 4,000 crore, led by entities affiliated to The Carlyle Group.
Pluto Investments S.a.r.l., an affiliated entity of Carlyle Asia Partners IV, LP and Carlyle Asia Partners V, LP (together, Carlyle) has agreed to invest up to 3,185 crore through a preferential allotment of equity shares and warrantsat a price of 390 per share.
Existing shareholders of PNBHFL, funds managed by Ares SSG and…
