PNB Housing shelves share sale plan citing legal delays

​Carlyle arm Pluto Investments S.a.r.l and other investors will withdraw the proposal to buy stake in the company. Late in May, the board of PNB Housing had approved placement of 82 million preferential equity shares and 20.5 million share warrants with Carlyle Group unit Pluto Investments, Salisbury Investments, General Atlantic Singapore Fund FII Pte Ltd and Alpha Investments V Pte Ltd.

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