PNB Housing deal: Sebi moves SCSebi is pushing the housing finance firm to relook at a deal to sell a Rs 4,000-crore stake to private equity investors led by Carlyle on t...
Sebi moves SC against SAT order on PNB Housing Fin's Rs 4,000 cr preference issuePronouncing its order on August 9, the two-member bench of the Securities Appellate Tribunal (SAT) gave a split verdict, saying there was d...
PNB awaits SAT order on Carlyle deal“We await judgement by SAT for any implementation and we will be following that in letter and spirit,” PNB managing director SS Mallikarjun...
No error of judgement in PNB Housing Finance deal; future course as per SAT order: PNB MDUnder the deal announced on May 31, the US-based Carlyle, alongside other investors, is slated to infuse Rs 4,000 crore capital into PNB Ho...
PNB Housing preferential allotment: Sebi can't have 2 pricing methodsValuation by registered valuer not required under companies law for listed companies, PNB Housing Finance tells SAT. Listed companies are r...
PNB Housing Finance to remain under lens: SebiWhether the deal goes through or not, the board approval in itself will have “legal consequences,” Sebi told the tribunal. The case will be...
Notices to PNBHF to protect investor interests: SebiAccording to submissions made by PNB Housing, the collective shareholding of Carlyle and other investors participating in the preferential ...
Why influence PNB Housing’s meeting: SAT to SebiPointing out that the first question to be addressed was at what stage can Sebi step in, the tribunal said that the regulator could have pa...
PNB Housing Finance-Carlyle deal: PSBs told to tick all boxes before stake sale in unitsThis comes after the Punjab National Housing Finance-Carlyle deal controversy where the PNB board had to seek legal opinion after the deal ...
PNB Housing Finance-Carlyle deal: Sebi questions directors’ roleSebi asks why action should not be taken against them for non-compliance with guidelines
Punjab National Bank, Home Finance arm at odds over Sebi order regarding Carlyle dealThe board of PNB Housing on May 31 approved placement of 82 million preferential equity shares and 20.5 million share warrants with Pluto I...
PNB Housing, parent firm differ view on Carlyle deal recastIn a fresh twist to the Rs 4000-crore capital deal, the PNB board wanted it to consider restructuring the deal following an independent val...
Relief for PNB Housing Finance: SAT allows vote on Carlyle's Rs 4,000-crore infusionThe shareholders' meet is scheduled on June 22. Market regulator Securities & Exchange Board of India had last week told PNB Housing not to...
Sebi bars PNB Housing shareholders from voting on Rs 4,000 cr-Carlyle dealThe transaction, which has come under the lens of Sebi and Reserve Bank of India (RBI) following concerns raised in certain quarters, inclu...
PNB MetLife gets Sebi go-ahead for IPOThe company IPO will put up 49,58,98,076 shares for sale, worth 24.64 per cent stake dilution.
Choksi-Nirav fraud: Sebi probe moves ahead, no clean chit to anyoneThe CIU received documentation of two instances in which the Sebi, in 2014 and 2017, opened investigations on a corporate entity owned by C...
Sebi warns PNB for late disclosures regarding Nirav Modi scamThe PNB was defrauded of $2 billion allegedly by diamond trader Nirav Modii and his associates.