Home / Finance / News / PNB HFC raising up to Rs 4,000 cr in equity; Carlyle group among investors

PNB HFC raising up to Rs 4,000 cr in equity; Carlyle group among investors

Aditya Puri, former CEO of HDFC Bank will also infuse capital transactions.

PNB Housing Finance is one of the few deposit-taking housing finance companies

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PNB Housing’s board has approved a capital raise of up to Rs 4,000 crore, said the company in a statement filed with BSE.

Abhijit Lele Mumbai

2 min read Last Updated : May 31 2021 | 10:43 AM IST

A clutch of investors led by private equity firm Carlyle group will raise up to Rs 4,000 crore for PNB Housing Finance Company.

Pluto Investments, an affiliate of Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners, has invested up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share. Aditya Puri, former chief executive of HDFC Bank will also infuse capital transactions through the family investment firm.

PNB Housing’s board has approved a capital raise of up to Rs 4,000 crore, said the company in a statement filed with BSE.

Topics : Carlyle Group PNB Housing Finance Shareholders

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