India's PNB Housing Finance gets approval to raise $548m from Carlyle, others

Photo: Reuters

PNB Housing Finance on Monday said its board has approved raising up to Rs4,000 crore in capital led by the Carlyle group.

Pluto Investments, an affiliated entity of Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V, L.P. will invest up to Rs3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs390 apiece.

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