The announcement was made after market hours on Friday, 24 November 2023.

PNB Housing Finance is a deposit-accepting housing finance company, with second largest deposits outstanding within housing finance companies. As on 30 September 2023, Punjab National Bank held 28.14% in the company.

The company had posted 46.2% rise in net profit to Rs 384.40 crore on a 5.8% increase in total income to Rs 1767.81 crore in Q2 FY24 as compared with Q2 FY23.

The scrip had declined 1.56% to end at Rs 784.30 on the BSE on Friday.

Domestic equity markets are shut today on account of Guru Nanak Jayanti.