PNB Housing Fin zooms 20% on board nod to raise Rs 4,000 crore

Carlyle has agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share

Shares of PNB Housing Finance were locked in the upper circuit of 20 per cent at Rs 525.20, also its 52-week high on the BSE on Monday, after the company board approved a capital raise of up to Rs 4,000 crore, led by entities affiliated to the Carlyle Group Inc.

Till 10:20 am, a combined 2.3 million shares had changed hands and there were pending buy orders for 1.2 million shares on the NSE and BSE. In comparison, the S&P BSE Sensex was up 0.40 per cent at 51,630 points.

“Pluto Investments S.a.r.l., an affiliated entity of Carlyle Asia Partners IV, L.P.