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