PNB Housing Finance to raise Rs 4,000 crore led by Carlyle

PNB Housing Finance Ltd said on Monday its board of directors has approved a capital raise of up to Rs 4,000 crore led by entities affiliated to Carlyle Group Inc. The key objective is to augment capital adequacy, reduce gearing and accelerate growth with a focus on retail housing including self-employed and affordable housing loans like the Unnati segment. […]