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

The Securities Appellate Tribunal (SAT) has allowed PNB Housing Finance to go ahead with its scheduled extraordinary general meeting (EGM), scheduled for Tuesday.

The mortgage lender has been even allowed to carry out voting on the controversial resolution pertaining to the infusion of Rs 4,000 crore to an investor group led by Carlyle on a preferential basis.

The tribunal, however, has directed PNB Housing to not disclose the voting result on the resolution until further directions.

SAT has also asked the company to tell NSDL to not declare the voting pattern and it should be kept in a sealed cover till further orders.

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