Hot Pursuit     25-Nov-23
PNB Housing board OKs raising Rs 3,500 cr via NCDs
The housing finance company announced that its board has approved issuance of non - convertible debentures (NCDs) up to Rs 3,500 crore on 24 November 2023.
The issue will be done on private placement basis, in tranches over the next six months.

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 firm's consolidated net profit jumped 45.8% to Rs 383 crore on 5.7% increase in total income to Rs 1,779.40 crore in Q2 FY24 over Q2 FY23.

The scrip declined 1.56% to close at Rs 784.30 on Friday, 24 November 2023.

Previous News
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