PNB Housing Finance’s board of directors has approved an Rs 4,000 crore capital raise plan by the preferential issue of equity shares and warrants, according to a press statement. Pluto Investments, a Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V, L.P. affiliate, has decided to invest up to Rs 3,185 crore at preferential […]
PNB Housing is going to raise Rs 4,000 crore from Carlyle Group, others.more
The PNB Housing Finance mortgage lender is intended to lay off around 5-7% of its employees to an apparent effort to streamline costs as the business is declining, joining an extensive number of firms which trimmed their workforce over the last six months. On Wednesday, barely a month after Hardayal Prasad began taking as chief […]
PNB Housing Finance plans to lay off around 5-7% of its employees to streamline costs.more
Life Insurance Corporation, India’s biggest insurer, has invested Rs 1000 crore in Tata Capital Housing Finance (TCHF). Three people with direct knowledge said this, in the wake of signs that the debt market is improving. More than a year ago, the infrastructure giant IL&FS induced a financial crunch that kept the most powerful domestic institutional […]
Tata Capital Housing Finance (TCHF) raised Rs.1000 crore from LIC of India.more