Investing.com – June 7, Investing.com had reported how the private equity player Carlyle Group (Nasdaq: CG) along with a consortium of investors will infuse RS 4,000 million rupees in the finance of Housing Finance GNP (NS: PNBH ) through a preferential assignment. The stock had recovered more than 100% in six commercial sessions.
On June 8, the stakeholders of the Empowerment Services (SES), an institutional investment advisory firm, in a report, said that the whole process was against the company’s minority / retailers and was ultra vires of the law.
He also said that this agreement would cause a loss of RS 2,000 Crore to Punjab National Bank (NS: PNBK), one of the largest public sector banks in the country. He said that GNP housing could have raised the same amount through a problem of rights, and GNP could have resigned from their right of rights to Carlyle at a price related to the market.
In an interview with CNBC TV18, Jn Gupta, who heads Ses said: “85% of shareholders’ shareholders already want them to want to take preferential or do not want to take … my argument is whether 85% is a part for her , Why not do 15% more of the party, and GNP can give up your right or not, let them do what they want? But at least it will be transparently. The problem is very clear, has forgotten the shareholders Retailers “.
