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Do we smell something or shall we take it as right trading / investment opportunity for Carlyle?
First they wanted to sell their holdings when PNBHF was trading around 1500, now when the prices have corrected by approx 40%-45%, they wish to acquire more.
What should a retailer read from above actions? Even we wish to buy a stock when it corrects & becomes available at attractive valuation, is Carlyle`s act similar to a retailer? Again do they have long term view in the business or they just wish to but at current rate & sell it out around 1500?
If I have understood it right, the interest to buy has been expressed after declaration of Q3 results which are good. Therefore IMHO , Carlyle finds the valuation attractive with scope for appreciation
Carlyle had withdrawn from the stake sale process a few months back, and had then indicated it’s interest to take controlling stake in PNB housing. Hence the present news is not surprising.
Any liquidity crunch noticed on ground or in disbursement ?
They have disbursed more money in Q3 ( after the crisis ) compared to Q2.
So not expecting any such issues.