India Digest: ThomasLloyd, P&G-Merck in M&A; PNB, Carlyle scrap housing fin unit sale

India Digest: ThomasLloyd, P&G-Merck in M&A; PNB, Carlyle scrap housing fin unit sale

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Investment firm ThomasLloyd on Tuesday said it has acquired a significant stake in SolarArise India Projects while Merck Ltd has received the government’s approval to sell up to 77.8 per cent stake to Procter & Gamble Overseas India BV. In another development, Punjab National Bank (PNB) and US private equity investor Carlyle have shelved plans to sell their stakes in the housing finance unit.

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