PNB Housing Finance likely to challenge Sebi’s valuation order

In a rare regulatory move, Sebi said the resolution related to the deal violates the company’s Articles of Associations and the company must undertake an independent valuation of the business before the resolution is taken up for further discussions. A shareholders' meeting was scheduled to be held on June 22 to approve the deal.

from Stocks-Markets-Economic Times https://ift.tt/3qleE6U