PNB Home Finance plans $300 mn IPO

The company has mandated three investment banks—Morgan Stanley, JP Morgan and Bank of America Merrill Lynch for IPO.

Jun 15, 2016 11:06 IST India Infoline News Service

IPO
PNB Home Finance is planning to raise $300 mn via initial public offering, according to reports.
Report says that the company has mandated three investment banks—Morgan Stanley, JP Morgan and Bank of America Merrill Lynch for IPO.
Caryle had picked up a 49% stake in the home finance company.
Last month, PNB MD Usha Ananthasubramanian had stated that the bank was looking at monetizing its 51% stake by listing the housing finance company, says report.

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