SEBI asks PNB Housing to halt Rs 4,000 cr preferential issue of shares

In the exchange filing, PNB Housing Finance also said that the company and its Board of Directors have considered the SEBI letter, and "continue to believe that the company has acted in compliance with all relevant applicable laws, including the applicable pricing regulations prescribed by SEBI, and the Articles of Association of the Company, and that such Preferential Allotment is in the best interests of the Company, its shareholders and all relevant stakeholders".

via Economictimes

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