PNB Housing Finance rises on planning to raise Rs 5000 crore through NCDs
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PNB Housing Finance is currently trading at Rs. 572.70, up by 3.30 points or 0.58% from its previous closing of Rs. 569.40 on the BSE.
The scrip opened at Rs. 574.00 and has touched a high and low of Rs. 582.80 and Rs. 570.10 respectively. So far 9597 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 582.80 on 19-Jun-2023 and a 52 week low of Rs. 262.89 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 582.80 and Rs. 528.25 respectively. The current market cap of the company is Rs. 14778.42 crore.
The promoters holding in the company stood at 32.52%, while Institutions and Non-Institutions held 27.94% and 39.54% respectively.
PNB Housing Finance is planning to raise fund of Rs 5000 crore through issuance of Non – Convertible Debentures (NCDs) on Private Placement Basis. A meeting of the Board of Directors of the Company is scheduled to be held on June 22, 2023 inter alia to consider and approve the same.
PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and up-gradation of houses.
