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The Punjab National Bank of India has instructed its housing finance arm to rethink the $534 million Carlyle agreement.
Reuters photo
Anirudh Laskar contributed to this article.
8th of July, 2021
The board of Punjab National Bank’s PNB Housing Finance Ltd unit has been ordered to review the contentious 4,000 crore ($534 million) stake sale to Carlyle Group and others, and to devise an alternative capital-raising plan that is compliant with regulatory standards.
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Punjab National Bank Carlyle PNB Housing
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