PNB Housing Finance said it is dropping plans for a Rs 4,000-crore stake sale to a clutch of investors led by Carlyle Group citing legal delays. More on that story in our top headlines this morning.
PNB HF scraps Rs 4K-crore deal
PNB HF scraps Rs 4K-crore deal
Fed up with the protracted litigation and uncertainty over approvals, the board of PNB Housing Finance (PNB HFC) decided to drop plans for a preferential issue of equity shares to raise Rs 4,000 crore from a group of investors led by private equity fund Carlyle. Read more
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