 "PNB housing finance, Punjab national bank")
The Securities and Exchange Board of India (Sebi) has asked PNB Housing Finance (PNB HFC) to keep on hold the proposal to seek the shareholders’ nod for a preferential allotment of equity until an independent valuation of shares was done.
The housing finance firm was planning to issue shares and warrants on a preferential basis to private equity firm Carlyle Group and associates, which were reported to be investing Rs 4,000 crore to acquire a controlling stake of over 50 per cent in the Delhi-based mortgage lender.
It was supposed to hold an extraordinary general meeting of shareholders on June 22 to
