PNB Housing Finance Ltd has been in the news last week. A private equity (PE) fund and its associates wanted control over it by issuing shares to themselves at a price that is, perhaps, legally correct. Since it happens to be below the ‘fair value’ and no control premium has been factored in, it appears like a very poor price for the company to dilute equity and also unfair to minority...
This is a premium article. Your annual or monthly subscription will not give you access if it is outside your subscription period. You can buy it individually
Pay Per Article
Gift An Article
Yearly Digital Access
Monthly Digital Access
Access will cover your subscription period. Archives not included. Articles outside the subscription period can be bought individually.
Already a subscriber ? Log in