The reserve bank of india stepped in. It said that p and b had enough problems of its own. The central bank effectively barred the parent company from parting with its capital. But then ray of hope, once again. In may twenteen 21, things finally started to look up when carlyle group and a bunch of other investors stepped up. Within a week, p and b housing finances share price doubled. That's right, it went up by hundred %. They were probably just happy to see some money coming into p and b Housing finance. Others weren't happy, including proxy advisery firms that tell shareholders how to vote on certain matters.
The past week hasn’t been kind to PNBHF. The stock has lost over 15% of its value and so in today’s episode for October 23rd 2021, we see why it’s going through this rough patch.