Deal Closed | General Atlantic | Acquisition of Equity Shares and Warrants in PNB Housing Finance Limited

The details of the deal were as follows:

Sector: Housing Finance 

Announcement Date: 31-May-2021 

Name of Client: General Atlantic  

Name and Description of Acquirer: General Atlantic Singapore Fund FII PTE LTD | Singapore | Acquirer | Represented by Khaitan & Co 

Carlyle Group | Luxembourg | Acquirer | Not Represented by Khaitan & Co 

Alpha Investments | Singapore | Investor | Not Represented by Khaitan & Co 

Name and Description of Target / Seller / Investee: PNB Housing Finance Limited | India 

Deal Description: Advised General Atlantic in relation to the acquisition of equity shares and warrants in PNB Housing Finance Limited, a listed housing finance company for a total consideration of USD 54 million. 

Total Consideration: USD 54 million 

Team Members: The core team consisted of Aakash Choubey (Partner), Abhishek Dadoo (Partner) and Vivek Sriram (Partner) with assistance from Anisha Chand (Partner), Swati Bala (Principal Associate), Arvind Pillai (Associate), Siddharth Bagul (Associate) on Competition Law aspects of the transaction. 

Role of Firm: Advisor to General Atlantic 

Other legal advisors: Carlyle group to lead Rs 4,000-crore capital infusion in PNB Housing Finance Ltd - Telegraph India