Page 2 - Carlyle Group

YES Bank to raise $1.1 billion via stake sale to US private equity firms

Yes Bank Ltd said on Friday it will sell up to 10% stake to U.S. private equity firms Carlyle Group Inc and Advent International for $1.1 billion

Top Headlines: BSNL bailout, YES Bank to raise $1.1 bn from Carlyle, Advent

Business Standard brings you the top headlines at this hour

PNB Housing, directors shell out Rs 73 lakh to settle case with Sebi

The payment was made under settlement rules, which allow an alleged wrongdoer to settle a matter without admitting or denying the guilt

Carlyle to acquire minority stake in Gujarat tile firm Varmora Granito

Indian company says it will use partnership for investments in brand building and, expanding distribution

Carlyle to acquire NSM Insurance from White Mountains in $1.78 billion deal

The transaction is expected to add $280 per share to White Mountains' adjusted book value

Carlyle sells 2.78% stake in SBI Cards for Rs 2,229 cr

CA Rover Holdings, an affiliate firm of the Carlyle Group, sold a total of 26.17 million shares at Rs 852 apiece, shows data provided by the stock exchange

PNB Housing Finance board to take call on fundraising on Mar 9

PNB Housing Finance had decided to sell a part of its stake to a group of investors led by private equity firm Carlyle in May

IT company Hexaware Tech to add 10,000 more to headcount in 2022

To offset the high attrition rate and execute about USD 2-billion order pipeline, global private equity major Carlyle Group-controlled Hexaware Technologies is adding 10,000 more to its 25,000-strong headcount this year, a senior company official has said. Last October, the Carlyle Group offered a reported USD 3 billion to Baring Private Equity Asia for the city-based software firm founded by technology veteran Atul K Nishar in 1990. PTI was the first to report in late August 2021 that Carlyle, the Washington-based private equity, alternative asset management and financial services giant set to pip bulge bracket rivals such as Bain Capital, KKR & Co and the Paris-based outsourcer Teleperformance, was the winner with a USD 3-billion bid for the company. None of the three parties has yet officially announced the deal completion. Nishar, who was founder and chairman of Hexaware Technologies, had in 2013 sold majority stake to Baring PE Asia for Rs 1,687 crore, with an open offer for .

SAT allows PNB Housing Finance to withdraw appeal in Carlyle deal

PNB Housing Finance on Wednesday said the Securities Appellate Tribunal has allowed it to withdraw its appeal in the matter related to the Rs 4,000 crore Carlyle deal, which stands scrapped now

Carlyle Group plans $1 bn bond to help buy India IT firm Hexaware

The $1.01 billion notes due 2026 would ultimately be used by CA Magnum to help finance the purchase of a 95.4% stake in Indian IT company Hexaware, said Moody's Investors Service

PNB HF scraps Rs 4K-crore deal with Carlyle-led group of investors

Protracted litigation, uncertainty reasons for move: Firm

Carlyle sells 3.4% stake in SBI Cards in two separate block deals

As per NSE information, the two tranches of 16 million shares each got executed at around Rs 1,021 apiece

Carlyle to divest 3.4% stake in SBI Cards, puts 32 mn shares in the block

Price band set at Rs 1,021-Rs 1,072.3 per share; At the lower end of the band, Carlyle will raise Rs 3,267.2 crore

Carlyle preferred bidder for Baring PE's Hexaware in $3 bn deal: Report

Hexaware provides automation, cloud and customer services-related technology to a wide range of industries including finance, education, hospitality and manufacturing.

Carlyle affiliate to offload entire 1.9% stake in SBI Life Insurance

The price range for the share sale has been set at Rs 1,130 -Rs 1,136.85

CCI approves acquisition of equity stake by Carlyle in PNB Housing Finance

The transaction has been approved by the Competition Commission of India under the Green Channel, an official release said on Wednesday

SAT questions Sebi's intervention in PNB Housing-Carlyle Group deal

Says regulator could've waited before passing order in PNB HF matter

PNB advises Housing arm to rejig Carlyle deal as per Sebi order

PNB Housing to await SAT's order before taking a call on restructuring

SAT to hear matter on PNB Housing Finance-Carlyle deal next week

The Securities Appellate Tribunal (SAT) will hear the case related to the PNB Housing Finance-Carlyle deal next Monday. The order in the matter was expected on July 5, however, it was adjourned for July 12. PNB Housing had filed an appeal before the SAT against the letter issued by the Securities and Exchange Board of India last month, requesting it not to go ahead with the proposal until due diligence was done. "As sought by the company, the Securities Appellate Tribunal, in its hearing on July 5, 2021, adjourned the case for Monday, July 12, 2021," PNB Housing Finance said in a regulatory filing on Tuesday. Under the deal announced on May 31, the US-based Carlyle, alongside other investors, is slated to infuse Rs 4,000 crore capital into PNB Housing through the issuance of preference shares and warrants. However, the deal has come under the scanner of the regulator. The company was directed to carry out the valuation process of shares as per the relevant legal provisions. PNB .

Explained: Why red flags have gone up on PNB Housing-Carlyle deal

What are the contours of the deal? Why is the market regulator hesitant about giving the deal a go-ahead? In today's podcast we decode them and more