InvestorQ : Is it true that PNB has voted against the stake sale in PNB Housing to Carlyle?
Katherine Gonsalves made post

Is it true that PNB has voted against the stake sale in PNB Housing to Carlyle?

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rhea Babu answered.
6 months ago
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PNB has apparently vetoed the Rs.4,000 crore fundraising plan of PNB Housing from Carlyle, which has ran into controversy with proxy advisors. PNB may propose a plan to retain control of PNB Housing even after the fund infusion. PNB has reportedly voted against the deal at the EGM and with its 32% stake it can veto the deal which needs approval of 75% of the shareholders.

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