PNB Housing tanks 5% as Sebi halts Carlyle deal
Shares of the housing financiar tanked 5 per cent to Rs 702.40 on Monday. BSE Sensex was trading at 52,099.12, down by 245.33 points or 0.47 per cent at 10.25 am. The counter closed at Rs 739.35 on Friday. However, PNB Housing Finance has reached the Securities Appellate Tribunal (SAT), filing an appeal against the letter by Sebi. The company had informed stock exchanges about the Sebi letter on June 19 through a regulatory filing.
The Economic Times