India: PNB Housing Finance plans $4.7b debt as Carlyle deal in limbo

India: PNB Housing Finance plans $4.7b debt as Carlyle deal in limbo

Photo: Reuters

PNB Housing Finance on Wednesday said that it is seeking shareholders’ nod to raise further funds via issue of non-convertible debentures worth up to ₹35,000 crore amid facing legal hurdles in the Carlyle group deal.