PNB Housing Finance Limited, one of the largest housing finance companies in India, announced that its Board has approved a capital raise of up to INR 4,000 crore, led by entities affiliated to The Carlyle Group Inc (Carlyle). Pluto Investments S.a.r.l., an affiliated entity of Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V,…
Former chairman of State Bank of India (SBI), Rajnish Kumar, has joined Kotak Investment Advisors Limited (KIAL) as an exclusive adviser for its special situations fund, according to a release. Set up in early 2005, KIAL is a wholly owned subsidiary of Kotak Mahindra Bank Limited (Group) that focuses on the Alternate Assets business of…
Strides Pharma Science Limited announced that Aditya Puri joins the Strides Group as an Advisor and also will be a Director of its associate Company, Stelis Biopharma. Recognized as a stalwart of the Indian banking and financial services industry, Puri was the iconic founder-Managing Director and Chief Executive Officer of HDFC Bank from its inception…
The Carlyle Group which is a global investment firm has announced the appointment of former Chief Executive Officer of HDFC Bank, Aditya Puri as its Senior Advisor in Asia. Mr Puri will advise the Carlyle team on investment opportunities across Asia and will also provide guidance on the changing market landscape and new opportunities for…
The Reserve Bank of India approved the appointment of Sashidhar Jagdishan as Managing Director & CEO of HDFC Bank. The appointment is for a period of 3 years beginning October 27, 2020 and is subject to approval of the Bank’s board and shareholders, HDFC Bank said in its press statement. Aditya Puri, the current Managing…
Private lender HDFC Bank recently announced that its board had finalized three candidates to replace the outgoing Managing Director Aditya Puri. Aditya is set to retire in the month of October this year. According to a stock exchange filing, the company said, “We wish to inform that pursuant to the recommendations of the search committee…