PNB Housing Finance is in bullish grip. See how it is going in upper circuits. This is a stellar move in a PSU housing finance company. Fundraising has a significant impact on the price of the stock.
A clutch of investors led by a Carlyle entity will invest Rs 4,000 crore in PNB Housing Finance Ltd., adding to the private equity group’s existing investment in the company and making it the largest shareholder.
The investors will also launch an open offer for 26% of the company’s expanded voting share capital as required by regulation, the home financier said in a notice to stock exchanges.
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