Companies looking to offer more than 5 per cent of the equity through a preferential share issue will have to obtain a valuation report from a registered independent valuer before fixing the price for...

Sebi on Friday proposed to relax pricing norms and lock-in requirements to make it easier for companies to raise funds through the preferential allotment of shares.  In addition, the regulator h...

The Supreme Court on Wednesday dismissed as infructuous the appeal filed by capital markets regulator Sebi against the Securities Appellate Tribunal’s order in a matter related to PNB Housing Fi...

PNB Housing Finance on Thursday decided to terminate a Rs 4,000-crore deal with Carlyle Group, citing legal and regulatory difficulties which may delay its capital raising plans. In May this year, th...

Punjab National Bank on Thursday urged a tribunal to quash the rescue plan for defunct debt-laden Jet Airways, alleging irregularities in it, a move that risks delaying the return of the airline groun...

The Securities Appellate Tribunal (SAT) has failed to come out with a decisive verdict on the validity of the PNB Housing Finance-Carlyle deal. “In view of the difference in opinion between the...

Breaking his silence on the fund-raising plans for PNB Housing Finance, S.S. Mallikarjuna Rao, managing director, Punjab National Bank, the parent firm, said there was no error of judgement and the su...

Lenders led by Bank of Baroda (BoB) have approved the resolution plan of Reliance Commercial Finance (RCF) and have selected non-banking finance company Authum Investment and Infrastructure Ltd as the...

LIC Housing Finance on Saturday said the Bombay Stock Exchange and the National Stock Exchange have sought a  clarification on the proposed preferential allotment to parent Life Insurance Corpora...

Is Sebi asking regulated entities not to  follow its own rules? This was one of the questions that came up on Monday as PNB Housing Finance concluded its argument against the market regulator&rsq...