Home / Markets / News / PNB Housing hits 5% lower circuit as Sebi halts deal with Carlyle

PNB Housing hits 5% lower circuit as Sebi halts deal with Carlyle

Sebi has directed the company to undertake valuation of shares by an independent registered valuer as per the provisions of applicable laws

PNB housing finance, Punjab national bank

Premium

PNB Housing Finance has filed an appeal before the Securities Appellate Tribunal against the letter issued by the Sebi

3 min read Last Updated : Jun 21 2021 | 10:28 AM IST

Shares of PNB Housing Finance were locked in the lower circuit of 5 per cent at Rs 702.40 on the BSE in Monday's session after the Securities and Exchange Board of India (Sebi) directed the company to halt its proposed Rs 4,000 crore deal with Carlyle group. The market regulator has also directed the company to undertake the valuation of shares by an independent registered valuer as per the provisions of applicable laws.

Till 10:11 am, a combined around 37,000 shares had changed hands and there were pending sell orders for 260,000 shares on the NSE and BSE combined. In comparison,

Topics : PNB Housing Finance Buzzing stocks Markets Carlyle Group Preferential allotment

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in