Corporate Governance And The Case Of PNB Housing Finance

On May 31, the board of PNB Housing Finance approved a preferential issue of equity shares and warrants to certain entities belonging to the Carlyle Group, General Atlantic, Ares SSG, and Salisbusry Investments (a company controlled by Mr. Aditya Puri, the former CEO of HDFC Bank). If the preferential issue is completed, the Carlyle Group will...