Page 4 - Pnb Housing Finance
PNB Housing Fin Q1 net profit slips 5% to Rs 243 crore
PNB Housing Finance on Wednesday reported an over 5 per cent decline in its consolidated net profit to Rs 243.28 crore for the first quarter ended June 30.
 "PNB Housing Fin Q1 net profit slips 5% to Rs 243 crore")
Top headlines: Birla exits as Vi's non-exec chairman; 4th medal for India
Business Standard brings you the top headlines on Wednesday
 "Top headlines: Birla exits as Vi's non-exec chairman; 4th medal for India")
No error of judgment in PNB Housing-Carlyle deal: PNB MD Mallikarjuna Rao
Subsequent rise in share prices of the mortgage lender post the announcement could not have been anticipated, he asserts
 "No error of judgment in PNB Housing-Carlyle deal: PNB MD Mallikarjuna Rao")
Top headlines: Kerala seeks Sputnik V plant; Covid crimps budget housing
Business Standard brings to you the top headlines on Thursday
 "Top headlines: Kerala seeks Sputnik V plant; Covid crimps budget housing")
PNB Housing Finance vs Sebi: Mystery of the Articles of Association
The rigmarole over the valuation of a preferential share allotment has raised a confusing question on the status of a company's Articles of Association
Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos
Business Standard brings to you the top headlines on Saturday
 "Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos")
Share allotment: PNB Housing Finance erred in pricing, says Sebi
Regulator says allotment of shares did not conform to the company's articles of association
PNB Housing to SAT: Sebi can't compel us as AoA is just a contract
It argued that AoA cannot override the Sebi's ICDR (Issue of Capital and Disclosure Requirements) regulations, which listed firms have to follow for issuing preferential allotments
PNB advises Housing arm to rejig Carlyle deal as per Sebi order
PNB Housing to await SAT's order before taking a call on restructuring
SAT to hear matter on PNB Housing Finance-Carlyle deal next week
The Securities Appellate Tribunal (SAT) will hear the case related to the PNB Housing Finance-Carlyle deal next Monday. The order in the matter was expected on July 5, however, it was adjourned for July 12. PNB Housing had filed an appeal before the SAT against the letter issued by the Securities and Exchange Board of India last month, requesting it not to go ahead with the proposal until due diligence was done. "As sought by the company, the Securities Appellate Tribunal, in its hearing on July 5, 2021, adjourned the case for Monday, July 12, 2021," PNB Housing Finance said in a regulatory filing on Tuesday. Under the deal announced on May 31, the US-based Carlyle, alongside other investors, is slated to infuse Rs 4,000 crore capital into PNB Housing through the issuance of preference shares and warrants. However, the deal has come under the scanner of the regulator. The company was directed to carry out the valuation process of shares as per the relevant legal provisions. PNB .
 "SAT to hear matter on PNB Housing Finance-Carlyle deal next week")
Explained: Why red flags have gone up on PNB Housing-Carlyle deal
What are the contours of the deal? Why is the market regulator hesitant about giving the deal a go-ahead? In today's podcast we decode them and more
 "Explained: Why red flags have gone up on PNB Housing-Carlyle deal")
PNB Housing Finance board followed all due processes: Finance Ministry
Remarks come a day before PNB board meeting
PNB to apprise board of PNB Housing Finance deal in Friday meet
The shareholders of PNB Housing on Tuesday voted on a special resolution for a preferential allotment of shares to a clutch of investors led by the Carlyle Group
 "PNB to apprise board of PNB Housing Finance deal in Friday meet")
SAT allows vote on Carlyle's Rs 4,000-crore infusion in PNB Housing
Results not allowed to be disclosed; Tribunal allows Tuesday EGM to go ahead
PNB Housing hits 5% lower circuit as Sebi halts deal with Carlyle
Sebi has directed the company to undertake valuation of shares by an independent registered valuer as per the provisions of applicable laws
PNB Housing hits 5% upper circuit after 25% fall from 52-week high
In May, PNB Housing Finance had announced that it will raise Rs 4,000 crore from a clutch of investors, led by existing stakeholder Carlyle group, by way of issuing preference shares and warrants
Market cautious on HFCs; concerns over growth, asset quality weigh
The major players all seem confident of fast revival in demand once conditions normalise
 "Market cautious on HFCs; concerns over growth, asset quality weigh")
PNB Housing Fin says pricing for Rs 4,000 cr-deal in line with mkt practice
This comes amid concerns raised in certain quarters about its proposed deal with Carlyle group
 "PNB Housing Fin says pricing for Rs 4,000 cr-deal in line with mkt practice")
National Housing Bank imposes Rs 80,000 fine on PNB Housing Finance
National Housing Bank (NHB) has imposed a penalty of Rs 80,000 on PNB Housing Finance for not complying with loan disbursement norms in 2015.
 "National Housing Bank imposes Rs 80,000 fine on PNB Housing Finance")
Regulators to look into PNB Housing Fin's plan to raise Rs 4,000 cr
The company's board has cleared a proposal to raise up to Rs 4,000 crore by issuing preference shares and convertible warrants to Carlyle Group firms and other entities.
