Carlyle-backed PNB Housing Finance to raise $450M in IPO
October 19, 2016
Mortgage Finance | New Delhi, India | IPO
Indian mortgage lender PNB Housing Finance is looking to raise as much as $450 million in a local IPO later this month, according to Reuters, with plans to sell roughly 40 million shares priced between INR750 and INR775. PNB Housing is backed by The Carlyle Group and Punjab National Bank.