PNB Housing Finance moves up on getting nod to raise Rs 3,500 crore via NCDs
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PNB Housing is currently trading at Rs. 790.20, up by 5.90 points or 0.75% from its previous closing of Rs. 784.30 on the BSE.
The scrip opened at Rs. 785.60 and has touched a high and low of Rs. 793.20 and Rs. 785.10 respectively. So far 8068 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 824.55 on 20-Nov-2023 and a 52 week low of Rs. 347.82 on 12-Dec-2022.
Last one week high and low of the scrip stood at Rs. 824.55 and Rs. 781.40 respectively. The current market cap of the company is Rs. 20537.36 crore.
The promoters holding in the company stood at 28.14%, while Institutions and Non-Institutions held 32.54% and 39.32% respectively.
PNB Housing Finance has received approval for a proposal to raise Rs 3,500 crore via non-convertible debentures (NCDs) to fund business growth. The NCD will be raised on a private placement basis. The fund will be raised in tranches over the next six months. The Board of Directors of the company at its meeting held on November 24, 2023 has inter-alia approved 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.
