Carlyle to sell upto 6.4% stake in PNB Housing Finance for Rs 1,256 crore on Tuesday

Carlyle to sell upto 6.4% stake in PNB Housing Finance for Rs 1,256 crore on Tuesday

Mumbai: US-based private equity firm Carlyle is likely to sell upto a 6.4% stake in PNB Housing Finance through an open market transaction on Tuesday. According to a term sheet issued by IIFL Securities, Quality Investment Holdings, an entity of Carlyle, will sell 1.66 crore shares at a floor price of Rs 775 apiece, aiming … Read more

Delhivery IPO: Softbank, Carlyle may reduce their OFS portion by 40%

Delhivery IPO: Softbank, Carlyle may reduce their OFS portion by 40%

MUMBAI: Private equity funds such as Softbank and Carlyle may reduce their offer for sale (OFS) portion anywhere between 30-40% during the initial public offering (IPO) of Delhivery, India’s largest fully integrated logistics company, according to bankers. The reduction in the OFS size is expected to be from Rs 2,460 crore earlier to around Rs … Read more

PNB Housing sees sharp target cuts, ‘sell’ ratings as Carlyle deal called off

PNB Housing sees sharp target cuts, ‘sell’ ratings as Carlyle deal called off

NEW DELHI: is staring at a significant derating after the NBFC board decided not to proceed with the proposed preferential issue of Rs 4,000 crore at Rs 390 per share to the Carlyle group, General Atlantic, SSG Group and other investors. A few brokerages have already cut their ratings to ‘sell’ and reduced price targets … Read more

Carlyle arm plans to sell all of its 1.9% SBI Life stake

Carlyle arm plans to sell all of its 1.9% SBI Life stake

Mumbai: US private equity fund CA Emerald Investments, an affiliate of Carlyle Asia Partners, is looking to sell its entire 1.9 per cent stake in worth Rs 2,160 crore through the stock exchange platform on Thursday, according to a term sheet issued by the sole book-runner BofA Securities. The sale price has been fixed at … Read more

Why influence PNB Housing’s meeting: SAT to Sebi

Why influence PNB Housing’s meeting: SAT to Sebi

(This story originally appeared in on Jul 14, 2021) MUMBAI: The Securities Appellate Tribunal (SAT) on Tuesday pulled up markets regulator Sebi for trying to pre-empt the outcome of the shareholders’ meeting on June 22. Questioning Sebi’s decision to halt an extraordinary general meeting (EGM) of Housing, the tribunal asked whether it was fair for … Read more

Private equity vows to help the world. Lenders want proof

Private equity vows to help the world. Lenders want proof

LONDON: Words can be cheap in the market for loans, now some lenders want to change that. In recent years, borrowers have been able to get a reduction in their interest costs in return for meeting targets linked to environmental, social and governance (ESG) goals. That trend has been turbocharged this year by private equity … Read more