India: Sebi initiates probe into Carlyle-PNB Housing deal

India: Sebi initiates probe into Carlyle-PNB Housing deal

India Gate. Photo: Abhidev Vaishnav/unsplash

Markets regulator Securities and Exchange Board of India (Sebi) has initiated a scrutiny into PNB Housing Finance Ltd’s recently proposed deal in which a clutch of investors led by American private equity firm The Carlyle Group have proposed to invest Rs4,000 crore in the mortgage finance company, two people aware of the matter told Mint.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter