Puri

PNB Housing – With the deal with Carlyle called off, it is a win for governance

After 5 months of wrangling among PNB Housing, Carlyle, SEBI & proxy advisors, the deal was called off voluntarily. Carlyle and PNB Housing felt that in the light of the regulatory uncertainty, there was no point in still pursuing the deal. Background to the deal Back in May this year, PNB Housing had struck a deal to do a private…