BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
PNB Housing Finance Ltd. announced that its board has approved a capital raise of Rs 40 billion from a group of large private equity investors, led by entities affiliated to The Carlyle Group.
This development is a significantly positive one given that the company has been scouting for capital for the last 24 months but for one reason or another wasn’t successful.
Recently, the Reserve Bank of India restricted Punjab National Bank (promoter) from infusing capital into PNB Housing Finance.
Due to non-participation, PNB Housing Finance’s stake will be naturally diluted from 32.6% currently to 20.3%.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.