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PNB Housing-Carlyle Deal: Were Minority Shareholders Short-Changed?
Were minority shareholders shortchanged in Carlyle-PNB Housing Finance deal? Was it because of lack of options?
07 Jun 2021, 11:17 AM IST
Private equity firm Carlyle Group’s investment in PNB Housing Finance Ltd. will help the home financier get the capital it needs to clean up and grow. But is that capital coming on terms unfavourable to its minority investors?The deal, announced on May 31, involves an investment of Rs 4,000 crore led by the Carlyle Group, which already held about 32% in PNB Housing Finance before the transaction.The preferential allotment of equity s...
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