Carlyle commits $439m to India's PNB Housing Finance
The Carlyle Group has agreed to invest up to INR31.8 billion ($439 million) in India-listed PNB Housing Finance, which would give it a majority interest in the company and trigger an open offer for an additional stake.
The private equity firm, which already owns 32.2% of the mortgage lending business, has agreed to acquire a 30.1% position, according to a filing. The transaction would be part of an INR40 billion investment,...
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