The report said this transaction triggers an open offer by the Carlyle group for the purchase of shares from public shareholders.
PNB Housing also stressed that the price was arrived at after due consideration and weighing of various relevant factors
Authum is a domestic NBFC with around 15 years of presence and over Rs 1,500 crore networth as on December 31, 2020.
More than 55,000 retail and institutional investors hold Rs 5,375 crore worth of fixed deposits in DHFL.
LIC Housing Finance said its board has recommended a dividend of 425 per cent.
On May 31, the board of directors of PNB Housing Finance cleared the proposal for Rs 4,000 crore capital infusion into the company in lieu of...
JSW Cement has established a 0.3-million-ton manufacturing facility in Ballari in Karnataka to produce its construction chemical product range.
PNB as a promoter holds 32.64 per cent stake in PNB Housing Finance.
The resolution plan under the Insolvency and Bankruptcy Code (IBC) was approved by the tribunal on June 7.
The new company will carry on business as manufacturers, producers, processors of all types of cements.