Carlyle Pulls Out Entirely From India’s PNB Housing Finance

India-West News Desk

MUMBAI – American investment giant Carlyle Group has completely exited its investment in India’s PNB Housing Finance, selling off its entire 10.44% shareholding through block deals, the company disclosed in a filing on May 2.

Carlyle, which held its stake through its affiliate Quality Investment Holdings, was the second-largest shareholder in the non-banking finance company. The private equity firm initially invested in the mortgage lender back in 2015.