PNB Housing Finance on Wednesday said that it is seeking shareholders' nod to raise further funds via issue of non-convertible debentures worth up to ₹35,000 crore amid facing legal hurdles in the Carlyle group deal. The company will seek shareholders' nod in its annual general meeting (AGM) on September 3, 2021, PNB Housing Finance said in BSE regulatory filing. Had the deal not stuck into regulatory and legal hurdles, the company would have been successful in raising the equity capital. The Carlyle-led deal was announced on May 31, in which a clutch of investors including former HDFC Bank MD&CEO Aditya Puri's family investment vehicle Salisbury Investments, were to infuse equity capital in PNB Housing. PNB Housing Finance stock closed flat at ₹688 on BSE.

Source: Mint August 11, 2021 13:18 UTC