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Carlyle seeks to double holding in PNB Housing, gain controlling stake

Carlyle is considering expanding its 32.4% holding after valuations for the housing finance company turned attractive

PNB Housing Finance Ltd
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PNB Housing Finance Ltd

Siddhartha Singh & Anto Antony | Bloomberg
Carlyle Group LP is seeking to double its holding in Indian mortgage lender PNB Housing Finance Ltd, people familiar with the matter said, reversing an earlier attempt to pare its stake in the company.   

The US private-equity firm is considering buying Punjab National Bank's shares in PNB Housing, which would give it a controlling stake, the people said, asking not to be named as the information is not public. Carlyle and Punjab National Bank had earlier invited bids for their holdings in the mortgage financier, though the latter said in November that it would continue with the sale process independently. 

Punjab

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