PNB Housing Finance rises on planning to raise funds up to Rs 2,500 crore through NCDs
PNB Housing Finance is currently trading at Rs. 785.90, up by 6.50 points or 0.83% from its previous closing of Rs. 779.40 on the BSE.
The scrip opened at Rs. 780.05 and has touched a high and low of Rs. 791.65 and Rs. 771.00 respectively. So far 5197 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1201.45 on 13-Sep-2024 and a 52 week low of Rs. 600.40 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 842.35 and Rs. 762.00 respectively. The current market cap of the company is Rs. 20330.64 crore.
The promoters holding in the company stood at 28.11%, while Institutions and Non-Institutions held 51.20% and 20.69% respectively.
PNB Housing Finance is planning to raise up to Rs 2,500 crore through issuance of Non-Convertible Debentures (NCDs) on Private Placement Basis, in tranches. A meeting of the Board of Directors of the Company is scheduled to be held on February 22, 2025, 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.
