+
PNB Housing set to raise around Rs 4,000 cr from Carlyle, others
Real Estate

PNB Housing set to raise around Rs 4,000 cr from Carlyle, others

PNB Housing Finance told the media that the board has approved a capital raising plan of Rs 4,000 crore by preferential issue of equity shares and warrants.

Carlyle Asia Partners IV, LP, and Carlyle Asia Partners V, LP affiliated entity Pluto Investments, have accepted to invest up to Rs 3,185 crore by a preferential allotment of equity shares and warrants, at Rs 390 per share.

Ares SSG and General Atlantic are managing the funds and are also participating in capital raise.

PNB Housing Finance CEO and Managing Director Hardayal Parasd said that the current fundraising and intended strengthening of the Board and management team will allow us to stimulate our strategic priorities.

A mandatory open offer by Pluto Investments will be affected by the recommended transaction for the acquisition of up to 26% equity shares of PNB Housing from public shareholders.

Former CEO and MD of HDFC Aditya Puri family investment, Salisbury Investments are also investing in capital raise. Puri is foreseen to be chosen to the board of the PNB Housing Finance as a Carlyle nominee director in due course.

The main purpose of the capital raise is to increase capital sufficiency, decrease gearing and stimulate growth in the retail section. The capital adequacy ratio of the company as of 31 March 2021, would rise from 18.7% to above 28%, and gearing as of 31 March 2021.

Image Source


Also read: Shriram Housing Finance to get Rs 500 cr capital infusion

Also read: Parinee Realty raises over Rs 325 cr for commercial project in Worli

PNB Housing Finance told the media that the board has approved a capital raising plan of Rs 4,000 crore by preferential issue of equity shares and warrants. Carlyle Asia Partners IV, LP, and Carlyle Asia Partners V, LP affiliated entity Pluto Investments, have accepted to invest up to Rs 3,185 crore by a preferential allotment of equity shares and warrants, at Rs 390 per share. Ares SSG and General Atlantic are managing the funds and are also participating in capital raise. PNB Housing Finance CEO and Managing Director Hardayal Parasd said that the current fundraising and intended strengthening of the Board and management team will allow us to stimulate our strategic priorities. A mandatory open offer by Pluto Investments will be affected by the recommended transaction for the acquisition of up to 26% equity shares of PNB Housing from public shareholders. Former CEO and MD of HDFC Aditya Puri family investment, Salisbury Investments are also investing in capital raise. Puri is foreseen to be chosen to the board of the PNB Housing Finance as a Carlyle nominee director in due course. The main purpose of the capital raise is to increase capital sufficiency, decrease gearing and stimulate growth in the retail section. The capital adequacy ratio of the company as of 31 March 2021, would rise from 18.7% to above 28%, and gearing as of 31 March 2021. Image Source Also read: Shriram Housing Finance to get Rs 500 cr capital infusion Also read: Parinee Realty raises over Rs 325 cr for commercial project in Worli

Next Story
Infrastructure Urban

Hindmetal Pioneers EM Tech in Mineral Exploration

Hindmetal Exploration Services (HESPL), a wholly owned subsidiary of Hindustan Zinc, has become the first company in India to deploy advanced Electromagnetic (EM) technologies for mineral exploration. The initiative marks a major leap in the nation’s ability to identify hidden mineral resources with unprecedented precision.The breakthrough involves two cutting-edge tools: borehole EM, which detects and maps conductive ore bodies such as sulfide deposits in high detail, and SQUID surface sensors, which capture even the weakest electromagnetic signals—ideal for spotting low-conductivity or d..

Next Story
Infrastructure Urban

Autodesk Launches Local Data Storage for India

Autodesk has announced the launch of localized data storage in India, enabling businesses and public sector organizations to store and manage project data within the country. This expansion, part of Autodesk’s global regional offerings, supports regulated sectors such as government, infrastructure, and utilities by meeting compliance requirements while ensuring enterprise-grade security, privacy, and data recoverability.The move comes as Autodesk’s 2025 State of Design & Make report reveals that while digital transformation drives significant ROI in the architecture, engineering, const..

Next Story
Infrastructure Urban

Rosatom Opens Pilot Uranium Facility at Tanzania’s Mkuju River Project

Mantra Tanzania, a subsidiary of Uranium One Group (part of Rosatom), has commissioned a pilot uranium processing facility at the Mkuju River project in southern Tanzania. The inauguration, attended by Her Excellency Samia Suluhu Hassan, President of the United Republic of Tanzania, alongside senior government officials, community leaders, and Rosatom representatives, marks a major step forward in Russia–Tanzania nuclear energy cooperation.Alexey Likhachev, Director General of Rosatom, said: “Rosatom offers its cutting-edge uranium processing technologies to unlock Tanzania’s geological ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?