Carlyle is set to divest up to $308 million worth of shares in PNB Housing Finance Ltd. through a block trade. The offering involves approximately 27.1 million shares, constituting about 10.4% of the company’s outstanding equity.
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.
Pension regulator PFRDA has revised investment rules, allowing private pension funds to invest in the top 250 market-cap stocks and gold/silver ETFs for better returns.
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