PNB Housing-Carlyle deal hearing put off

New Delhi, July 6

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The Securities Appellate Tribunal (SAT) will hear the case related to the PNB Housing Finance-Carlyle deal next Monday. The order in the matter was expected on July 5, however, it was adjourned for July 12.

PNB Housing had filed an appeal before the SAT against the letter issued by the SEBI last month, requesting it not to go ahead with the proposal until due diligence was done.

“As sought by the company, the SAT, in its hearing on July 5, adjourned the case for Monday, July 12,” PNB Housing Finance said in a regulatory filing on Tuesday.

Under the deal announced on May 31, the US-based Carlyle, alongside other investors, is slated to infuse Rs 4,000 crore capital into PNB Housing through the issuance of preference shares and warrants.

However, the deal has come under the scanner of the regulator. — PTI