PNB Housing Finance Says Sebi Has Sought Hold On Share Allocation

Pnb Housing Finance Says Sebi Has Sought Hold On Share Allocation

PNB Housing Finance has stated that Sebi has requested it to carry again its share allocation course of

PNB Housing Finance Ltd (PNBHF) on Sunday stated that the markets regulator has requested it to placed on maintain a share allocation price 40 billion rupees ($539.81 million) to a clutch of buyers led by Carlyle Group Inc.

The firm, in a press release, stated it had acquired a letter from the Securities and Exchange Board of India (SEBI) requesting it to not proceed with the allocation till it undertakes an unbiased valuation of the shares.

PNBHF, which introduced the allocation in May, stated it has acted in compliance with all related relevant legal guidelines and “is evaluating further steps in this regard.”

Reuters couldn’t instantly attain SEBI or Carlyle for remark.

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