Carlyle Group to acquire controlling stake in PNB Housing Finance

Aditya Puri to come on board; Carlyle to appoint chairperson

Private equity firm Carlyle Group and associates will acquire a controlling stake of over 50 per cent in PNB Housing Finance by investing in the Rs 4,000 crore preferential issue of equity and warrants of the Delhi-based mortgage lender.

After the proposed transactions, expected to be completed by January 1, 2022, Carlyle will also have the right to nominate the chairperson of PNB Housing Finance (PNB HF). This right will continue as long as it holds at least 40 per cent of the share capital on a fully diluted basis.

Pluto Investments, affiliate of Carlyle Asia Partners, will invest up to Rs