PNB Housing Finance-Carlyle Deal: SEBI sends another letter, raises important questions - Explanation sought on THESE aspects | What shareholders must know
On 25 June 2021, Sebi sent a letter to the Independent Directors and the company. SEBI has questioned the PNB Housing Finance Company and the Directors over allegedly not following the share valuation rules. The market regulator has written a letter after it found that the company did not act in a responsible manner
This case is now before the Securities Appellate Tribunal (SAT) which recently gave relief to PNB Housing by allowing it to conduct its Extraordinary General Meeting (EGM). Source: Reuters