Nod to PNB Housing Finance for EGM

Tribune Web Desk

Updated At : 01:35 PM Jun 22, 2021 IST

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New Delhi, June 21

Setting aside SEBI’s direction, the Securities Appellate Tribunal (SAT) on Monday allowed PNB Housing Finance to go ahead with the shareholders’ meeting on Tuesday to consider the proposed Rs 4,000-crore investment by private equity firm Carlyle and others in the mortgage firm.

However, results of the shareholders’ voting will not be disclosed till further directions from the tribunal.

The ruling comes hours after PNB Housing Finance informed stock exchanges that it has appealed against SEBI’s direction on June 18 wherein it was asked to defer consideration of the proposed capital infusion proposal till a valuation of the company’s shares is done by a registered independent valuer. — PTI

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