Mumbai: PNB Housing has told the stock exchange that the regulator market was approaching the Supreme Court against the order divided by the effects of the appellate tribunal (SAT).
Sebi encouraged housing finance companies to attract an agreement to sell RS 4,000 crore shares to private equity investors led by Carlyle on the grounds that the norms of the assessment had not been followed.
“It has been taken to our notification that SBI has appealed (no.
CA5052 from 2021) to the Supreme Court of India against the SAT Order.
The company is checking the appeal proposed by Sebi,” said PNB Housing Finance by paying attention to stock exchange.
On August 9, Sat delivered a split sentence over the allocation of PNB Housing shares for the Carlyle Group.
This follows the temporary commandments in which SAT has limited PNB housing from revealing the results of shareholders’ votes on the agreement.
Sebi has asked housing finance companies to call voting.
However, following the appeal by the company, SAT allows the general body to choose a proposal.