News

Quote on RBI MPC Announcement by Mr. Girish Kousgi, PNB Housing Finance Media Below the Quote on RBI MPC Announcement by Mr. Girish Kousgi, MD&CEO, PNB Housing Finance Media   Mr. Girish Kousgi, MD and CEO at PNB Housing Finance, said, "RBI's decision to keep the repo rates unchanged at 6.5% for the third time in a row, is a positive news for the real estate industry. The home buyer sentiment has been strong thus far in 2023, and the stability in rates will help keep up this momentum. Factors like attractive government incentives,...
Quote on RBI MPC Announcement by Mr. Girish Kousgi, PNB Housing Finance Media
Quote on RBI MPC Announcement by Mr. Girish Kousgi, PNB Housing Finance Media
Source: PR Agency
11/08/2023 12:33:19 PM
PNB Housing Finance rises on eyeing 22% growth in fresh loan sales in FY24 PNB Housing Finance is currently trading at Rs. 616.00, up by 8.00 points or 1.32% from its previous closing of Rs. 608.00 on the BSE. The scrip opened at Rs. 621.95 and has touched a high and low of Rs. 621.95 and Rs. 606.75 respectively. So far 4998 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 699.00 on 25-Jul-2023 and a 52 week low of Rs. 283.13 on 04-Aug-2022. Last one week high and low of the scrip stoo...
PNB Housing Finance rises on eyeing 22% growth in fresh loan sales in FY24
PNB Housing Finance rises on eyeing 22% growth in fresh loan sales in FY24
Source: Accord Fintech
3/08/2023 11:39:21 AM
Neutral PNB Housing Finance Ltd For Target Rs.755 - Motilal Oswal Financial Services Ltd Miss on PPoP but earnings beat aided by lower credit costs * PNB Housing Finance (PNBHF) reported 48% YoY growth in 1QFY24 PAT to ~INR3.5b (7% beat). This was aided by ~55bp QoQ decline in credit costs to ~0.4%. NII surged 68% YoY to INR6.2b while PPOP rose 41% YoY to INR5.1b. * Total GNPA/NNPA stood at ~3.8%/2.6% (as a % of Loan Assets) and improved ~10bp/15bp QoQ. Retail GNPA improved ~10bp sequentially to 2.5% while Corporate GNPA deteriorated to 25% (PQ: 22%). Sequential increase in...
Neutral PNB Housing Finance Ltd For Target Rs.755 - Motilal Oswal Financial Services Ltd
Neutral PNB Housing Finance Ltd For Target Rs.755 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
31/07/2023 2:32:29 PM
Add PNB Housing Finance Ltd For Target Rs.740 - ICICI Securities RoA at >2% driven by NIM expansion and credit cost normalisation PNB Housing Finance’s (PNBHF) Q1FY24 financial performance was an outcome of the new management’s renewed focus on ‘retailisation’ as reflected in 99% of total disbursements towards retail segment (INR 37bn, of which INR 2.2bn was towards affordable housing) and steady decline in corporate book to INR 34bn (down 10% QoQ). Corporate book now constitutes only ~6% of total AUM. Further, PNBHF continues...
Add PNB Housing Finance Ltd For Target Rs.740 - ICICI Securities
Add PNB Housing Finance Ltd For Target Rs.740 - ICICI Securities
Source: ICICI Securities
26/07/2023 1:15:56 PM
PNB Housing Finance`s Q1FY24 results reporting an increase in Profit after Tax by 48% YoY and 24% QoQ to INR 347 crore The Board of Directors of PNB Housing Finance Limited today approved the Consolidated Unaudited Financial Results for the quarter ended 30th June 2023. The accounts have been subjected to a limited review by the Company’s Statutory Auditors in line with the regulatory guidelines. The financial numbers are based on IndAS Key Highlights · The Company has successfully completed its Rights Issue of INR 2,493.76 Crore in May 2023. The issu...
PNB Housing Finance`s Q1FY24 results reporting an increase in Profit after Tax by 48% YoY and 24% QoQ to INR 347 crore
PNB Housing Finance`s Q1FY24 results reporting an increase in Profit after Tax by 48% YoY and 24% QoQ to INR 347 crore
Source: PR Agency
24/07/2023 5:02:45 PM
India`s PNB Housing posts 48% rise in Q1 profit on strong housing demand Indian mortgage lender PNB Housing Finance on Monday posted a nearly 48% rise in its first-quarter profit, driven by robust demand for housing loans and improved asset quality. PNB Housing, a unit of state-run lender Punjab National Bank, said its consolidated net profit after tax stood at 3.47 billion rupees ($42.4 million) for the quarter ended June 30, compared with 2.35 billion rupees a year earlier. Net interest margin, a key measure of profitability, stood at 3.86%, while net inte...
India`s PNB Housing posts 48% rise in Q1 profit on strong housing demand
India`s PNB Housing posts 48% rise in Q1 profit on strong housing demand
Source: Reuters
24/07/2023 3:07:48 PM
PNB Housing Finance rises on planning to raise Rs 5000 crore through NCDs 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 stoo...
PNB Housing Finance rises on planning to raise Rs 5000 crore through NCDs
PNB Housing Finance rises on planning to raise Rs 5000 crore through NCDs
Source: Accord Fintech
19/06/2023 10:19:12 AM
Buy PNB Housing Finance Ltd For Target Rs.625 - JM Financial Institutional Securities Steady quarter led by NII beat; retail loans scaling well PNB Housing Finance reported 4QFY23 PAT at INR2.79bn, ahead of our estimates of INR2.2Bn led by stronger than expected NII momentum (+57% YoY at INR5.8bn vs est of INR5.1bn). NIMs stood at 3.74% (with gross NIMs at 3.83%) for 4QFY23 given a strong pricing environment which is likely to persist in 1HFY24 as well. Almost entire disbursements in 4QFY23 came from the retail segment and grew 21.9% YoY (and 32.8% QoQ) to INR44.6bn. Manage...
Buy PNB Housing Finance Ltd For Target Rs.625 - JM Financial Institutional Securities
Buy PNB Housing Finance Ltd For Target Rs.625 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2/06/2023 2:42:01 PM
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) offer to the lenders of its subsidiary, Vidarbha Industries Power Ltd (VIPL), to settle the debt. Reliance Power has offered to pay Rs 1,200 crore in upfront cash to the lenders of VIPL which include Axis Bank, SBI, Bank of Baroda, PNB, Canara Bank, and Bank of Maharashtra. The outstanding loan of the company as on March 31, 2022, is around Rs 2,200 crore. Reliance Power's OTS offer is backed by Varde Partners of ...
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Source: IANS
23/05/2023 9:21:27 AM
Consolidated Audited Financial Results for Q4 & FY2022-23 Ended 31 st March 2023 The Board of Directors of PNB Housing Finance Limited today approved the Consolidated audited Financial Results for the quarter and financial year ended 31 st March 2023. The financial numbers are based on IndAS Key Highlights • Successfully completed Rights Issue of INR 2,493.76 Crore in May 2023. The issue was subscribed by around 1.21 times. The issue witnessed participation from all top 4 shareholders and other large domestic and foreign institutional investors. The proceeds fr...
Consolidated Audited Financial Results for Q4 & FY2022-23 Ended 31 st March 2023
Consolidated Audited Financial Results for Q4 & FY2022-23 Ended 31 st March 2023
Source: PR Agency
18/05/2023 5:56:40 PM
India's PNB Housing Finance reports 65% jump in Q4 profit on strong demand Indian mortgage lender PNB Housing Finance Ltd on Thursday reported an almost 65% jump in its fourth-quarter profit, led by increased demand for housing loans. PNB Housing, a unit of state-run lender Punjab National Bank Ltd, said it earned a consolidated net profit of 2.79 billion rupees ($34 million) for the quarter ended March 31, from 1.70 billion rupees a year earlier. Its net interest margin, a key measure of profitability, stood at 3.74%, while net interest income expanded 57% to...
India's PNB Housing Finance reports 65% jump in Q4 profit on strong demand
India's PNB Housing Finance reports 65% jump in Q4 profit on strong demand
Source: Reuters
18/05/2023 5:10:32 PM
PNB Housing Finance wins Platinum award for its Annual Report from the League of American Communications Professionals (LACP) 2023 New Delhi: PNB Housing Finance today announced winning the Platinum Award for its Annual Report 2022, securing the 1st rank in the Financial Diversified Services category and 28th rank at the League of American Communications Professionals LLC (LACP) Vision award for Top 100 reports worldwide. The theme for this report was ‘Growth in Focus – Resilient, Robust, and Responsible’. PNB Housing Finance was awarded the Platinum Award in 2021, and the Gold Award and 60...
PNB Housing Finance wins Platinum award for its Annual Report from the League of American Communications Professionals (LACP) 2023
PNB Housing Finance wins Platinum award for its Annual Report from the League of American Communications Professionals (LACP) 2023
Source: PR Agency
28/02/2023 3:18:16 PM
India's PNB Housing Finance beats Q3 profit view on strong demand India's PNB Housing Finance Ltd on Tuesday reported a better-than-expected 43% rise in third-quarter profit on the back of a strong demand for loans and improved asset quality. PNB Housing, a unit of state-run lender Punjab National Bank, said its consolidated net profit after tax rose to 2.69 billion rupees ($32.96 million) from 1.88 billion rupees a year earlier. Analysts, on average, had expected a profit of 2.39 billion rupees, according to IBES data from Refinitiv. Its net i...
India's PNB Housing Finance beats Q3 profit view on strong demand
India's PNB Housing Finance beats Q3 profit view on strong demand
Source: Reuters
24/01/2023 4:47:18 PM
PNB Housing Finance trades higher on the BSE PNB Housing Finance is currently trading at Rs. 527.00, up by 19.60 points or 3.86% from its previous closing of Rs. 507.40 on the BSE. The scrip opened at Rs. 508.00 and has touched a high and low of Rs. 535.35 and Rs. 494.00 respectively. So far 189224 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 535.35 on 20-Dec-2022 and a 52 week low of Rs. 312.00 on 12-May-2022.  Last one week high and low of the s...
PNB Housing Finance trades higher on the BSE
PNB Housing Finance trades higher on the BSE
Source: Accord Fintech
20/12/2022 2:35:52 PM
PNB Housing Finance zooms on opening `Roshni` branches for affordable housing loans PNB Housing Finance is currently trading at Rs. 504.25, up by 37.10 points or 7.94% from its previous closing of Rs. 467.15 on the BSE. The scrip opened at Rs. 478.45 and has touched a high and low of Rs. 504.90 and Rs. 461.05 respectively. So far 71651 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 536.20 on 17-Dec-2021 and a 52 week low of Rs. 312.00 on 12-May-2022. Last one week high and low of the scrip st...
PNB Housing Finance zooms on opening `Roshni` branches for affordable housing loans
PNB Housing Finance zooms on opening `Roshni` branches for affordable housing loans
Source: Accord Fintech
19/12/2022 2:48:46 PM
Buy PNB Housing Finance Ltd For Target Rs.550 - JM Financial Institutional Securities Subdued operating performance as margins remained suppressed  In 1QFY23, PNB Housing Finance’s (PNBHF) reported PAT of INR 2.4bn (-3% QoQ/ +39% YoY), supported by reduction in credit cost (annualized as % of loans: 34bps vs. 102bps QoQ/ 104bps YoY). The operating metrics were muted as PPOP stood at INR 3.6bn (-3% QoQ/ -24% YoY). Other key highlights are: (i) in 1QFY23, disbursement fell 7% QoQ to INR 34.5bn due to decline in Unnati segment (affordable housing) which is getting r...
Buy PNB Housing Finance Ltd For Target Rs.550 - JM Financial Institutional Securities
Buy PNB Housing Finance Ltd For Target Rs.550 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
13/09/2022 11:45:49 AM
Buy PNB Housing Finance Ltd For Target Rs.437 - Anand Rathi Share and Stock Brokers About PNB Housing Finance * PNB Housing Finance Limited (PNBHOUSING) is promoted by Punjab National Bank and is a registered Housing Finance Company with National Housing Bank (NHB). * The Company’s asset base comprises retail loans and corporate loans. The retail business focusses on organized mass housing segment financing for acquisition or construction of houses. In addition, it also provides loans against properties and loans for purchase & construction of non-residential...
Buy PNB Housing Finance Ltd For Target Rs.437 - Anand Rathi Share and Stock Brokers
Buy PNB Housing Finance Ltd For Target Rs.437 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
7/09/2022 3:15:52 PM
PNB Housing board OKs raising Rs 2,000-cr via NCDs The board of PNB Housing Finance has approved issuing non-convertible debentures (NCDs) aggregating upto Rs 2,000 crore on private placement basis. The announcement was made after market hours yesterday, 14 June 2022. PNB Housing Finance is a deposit-accepting housing finance company, with second largest deposits outstanding within housing finance companies. As on 31 March 2022, Punjab National Bank held 32.57% in PNB Housing Finance. On consolidated basis, the housing finance company repo...
PNB Housing board OKs raising Rs 2,000-cr via NCDs
PNB Housing board OKs raising Rs 2,000-cr via NCDs
Source: Dion Global Solutions Ltd
15/06/2022 11:47:05 AM
PNB Housing Finance zooms on planning to raise Rs 2000 crore through NCDs PNB Housing Finance is currently trading at Rs. 381.45, up by 36.00 points or 10.42% from its previous closing of Rs. 345.45 on the BSE. The scrip opened at Rs. 344.75 and has touched a high and low of Rs. 386.00 and Rs. 340.65 respectively. So far 86452 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 866.65 on 09-Jun-2021 and a 52 week low of Rs. 312.00 on 12-May-2022. Last one week high and low of the scrip s...
PNB Housing Finance zooms on planning to raise Rs 2000 crore through NCDs
PNB Housing Finance zooms on planning to raise Rs 2000 crore through NCDs
Source: Accord Fintech
9/06/2022 3:49:45 PM
PNB gains on getting nod for investment of up to Rs 500 crore in rights issue of PNB Housing Finance Punjab National Bank is currently trading at Rs. 31.70, up by 0.50 points or 1.60% from its previous closing of Rs. 31.20 on the BSE. The scrip opened at Rs. 31.35 and has touched a high and low of Rs. 31.70 and Rs. 31.20 respectively. So far 485616 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 47.60 on 26-Oct-2021 and a 52 week low of Rs. 28.50 on 12-May-2022. Last one week high and low of the scrip stood at ...
PNB gains on getting nod for investment of up to Rs 500 crore in rights issue of PNB Housing Finance
PNB gains on getting nod for investment of up to Rs 500 crore in rights issue of PNB Housing Finance
Source: Accord Fintech
8/06/2022 11:22:08 AM
PNB Housing Finance Q4 net profit up 30.76% at Rs 169.96 cr The company reported standalone net profit of Rs 169.96 crore for the quarter ended March 31, 2022 as compared to Rs 129.98 crore in the same period last year, registering a year-on-year growth of 30.76 per cent. Net revenue of the company declined substantially by 22.02 per cent at Rs 1,414.16 crore in January-March quarter of this fiscal as against Rs 1,813.40 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 48.33 per cent to Rs 246.56...
PNB Housing Finance Q4 net profit up 30.76% at Rs 169.96 cr
PNB Housing Finance Q4 net profit up 30.76% at Rs 169.96 cr
Source: Dion Global Solutions Ltd
29/04/2022 10:30:48 AM
PNB Housing Finance trades in green on getting nod for fund raising of up to Rs 2,500 crore PNB Housing Finance is currently trading at Rs. 423.00, up by 2.65 points or 0.63% from its previous closing of Rs. 420.35 on the BSE. The scrip opened at Rs. 437.00 and has touched a high and low of Rs. 437.00 and Rs. 421.90 respectively. So far 34820 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 924.00 on 08-Jun-2021 and a 52 week low of Rs. 350.00 on 19-Apr-2021. Last one week high and low of the scrip sto...
PNB Housing Finance trades in green on getting nod for fund raising of up to Rs 2,500 crore
PNB Housing Finance trades in green on getting nod for fund raising of up to Rs 2,500 crore
Source: Accord Fintech
10/03/2022 11:26:46 AM
PNB Housing Finance surges on focussing on affordable housing business 'Unnati' PNB Housing Finance is currently trading at Rs. 439.15, up by 3.75 points or 0.86% from its previous closing of Rs. 435.40 on the BSE. The scrip opened at Rs. 443.95 and has touched a high and low of Rs. 443.95 and Rs. 437.50 respectively. So far 3826 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 924.00 on 08-Jun-2021 and a 52 week low of Rs. 333.00 on 01-Feb-2021. Last one week high and low of the scrip stoo...
PNB Housing Finance surges on focussing on affordable housing business 'Unnati'
PNB Housing Finance surges on focussing on affordable housing business 'Unnati'
Source: Accord Fintech
1/02/2022 11:23:25 AM
PNB Housing Finance declines on reporting 19% fall in Q3 consolidated net profit PNB Housing Finance is currently trading at Rs. 463.00, down by 24.35 points or 5.00% from its previous closing of Rs. 487.35 on the BSE. The scrip opened at Rs. 473.00 and has touched a high and low of Rs. 486.50 and Rs. 463.00 respectively. So far 78828 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 924.00 on 08-Jun-2021 and a 52 week low of Rs. 325.25 on 28-Jan-2021. Last one week high and low of the scrip ...
PNB Housing Finance declines on reporting 19% fall in Q3 consolidated net profit
PNB Housing Finance declines on reporting 19% fall in Q3 consolidated net profit
Source: Accord Fintech
21/01/2022 2:41:23 PM
Add PNB Housing Finance Ltd For Target Rs.485 - ICICI Securities Preferential issue called off; overhang resurfaces PNB Housing Finance’s (PNBHF) Board has decided not to proceed with the proposed preferential issue of Rs40bn @Rs390 per share to Carlyle group, General Atlantic, SSG Group and other investors. Preferential issue has been held up for more than 4 months (after already taking over 2 years), due to the pending legal proceeding before SAT. Also, in an exchange filing, the company highlighted that there is lack of visibility or certainty ...
Add PNB Housing Finance Ltd For Target Rs.485 - ICICI Securities
Add PNB Housing Finance Ltd For Target Rs.485 - ICICI Securities
Source: ICICI Securities
1/11/2021 12:35:49 PM
India's PNB Housing dives 5% after scrapping fund-raising deal with Carlyle BENGALURU - Shares of India's PNB Housing Finance Ltd fell 5% on Monday to their lowest since early June after the mortgage lender scrapped a fund-raising deal with a group of investors, led by private-equity firm Carlyle Group. PNB Housing Finance said https://www.bseindia.com/xml-data/corpfiling/AttachHis/878e5bde-95d3-41cc-b570-b31450e63b56.pdf late Thursday that it had ended the deal, which was announced in May to issue shares worth 40 billion rupees ($533.2 million) to Carlyl...
India's PNB Housing dives 5% after scrapping fund-raising deal with Carlyle
India's PNB Housing dives 5% after scrapping fund-raising deal with Carlyle
Source: Reuters
18/10/2021 10:35:38 AM
PNB Housing Finance terminates deal with Carlyle on lack of visibility on legal issues PNB Housing Finance has terminated the Rs 4,000 crore deal with US-based Carlyle group for a preferential allotment. "The Board's primary objective is to raise capital to support the growth of the Company, and the Board believes that the current situation is not in the best interests of the Company and its stakeholders. Accordingly, at a meeting held today, the Board has decided not to proceed with the Preferential Issue and the share subscription agreements executed with the Prop...
PNB Housing Finance terminates deal with Carlyle on lack of visibility on legal issues
PNB Housing Finance terminates deal with Carlyle on lack of visibility on legal issues
Source: IANS
15/10/2021 9:42:14 AM
PNB Housing Finance trades in green on the BSE PNB Housing Finance is currently trading at Rs. 648.75, up by 5.15 points or 0.80% from its previous closing of Rs. 643.60 on the BSE. The scrip opened at Rs. 650.00 and has touched a high and low of Rs. 656.85 and Rs. 644.20 respectively. So far 2934 shares were traded on the counter. The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 924.00 on 08-Jun-2021 and a 52 week low of Rs. 315.85 on 22-Dec-2020. Last one week high and low of the scrip sto...
PNB Housing Finance trades in green on the BSE
PNB Housing Finance trades in green on the BSE
Source: Accord Fintech
8/10/2021 2:52:42 PM
PNB Housing Finance surges on collaborating with CSC e-Governance Services PNB Housing Finance is currently trading at Rs. 648.20, up by 7.85 points or 1.23% from its previous closing of Rs. 640.35 on the BSE. The scrip opened at Rs. 651.90 and has touched a high and low of Rs. 654.00 and Rs. 641.85 respectively. So far 8038 shares were traded on the counter. The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 924.00 on 08-Jun-2021 and a 52 week low of Rs. 315.85 on 22-Dec-2020. Last one week high and low of the scrip sto...
PNB Housing Finance surges on collaborating with CSC e-Governance Services
PNB Housing Finance surges on collaborating with CSC e-Governance Services
Source: Accord Fintech
7/10/2021 3:55:02 PM
Neutral Punjab National Bank Housing Finance Ltd For Target Rs.760 - Motilal Oswal Retailisation of AUM continues * PNBHF reported a PAT of INR2.4b in 1QFY22 (v/s INR2.6b YoY). The 45% beat was driven by lower-than-estimated credit costs (~0.9% annualized) and opex (47%/9% below our estimate). * Asset quality deteriorated with Gross Stage 3 increasing by 155bp QoQ to 6%. Few corporate accounts in Stage 2 and under the SICR pool slipped into NPAs. Total restructured pool (under both OTR 1.0 and 2.0) stood at INR17.33b (~2.9% of loan assets). * PNBHF is working on di...
Neutral Punjab National Bank Housing Finance Ltd For Target Rs.760 - Motilal Oswal
Neutral Punjab National Bank Housing Finance Ltd For Target Rs.760 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/09/2021 12:51:32 PM
Key News - Pidilite Industries Ltd, PTC India, Bajaj Electricals Ltd, Bata India Ltd, PNB Housing Finance, Zydus Cadila Healthcare Ltd By ARETE Securities Key News Pidilite PAT jumps 12.7 times in Q1 to Rs 217.6 cr; revenue rises 121% Adhesive major Pidilite Industries reported a 1,277 percent year-on-year (YoY) jump in its profit after tax (PAT) for the April-June quarter. Net profit for the quarter stood at Rs 217.6 crore, up from Rs 15.8 crore in the corresponding quarter last year. Its operating revenue grew 121 percent to Rs 1,936.8 crore from Rs 877.8 crore. In comparison to its pre-COVID performance, Pidilite’s top-line and b...
Key News - Pidilite Industries Ltd, PTC India, Bajaj Electricals Ltd, Bata India Ltd, PNB Housing Finance, Zydus Cadila Healthcare Ltd By ARETE Securities
Key News - Pidilite Industries Ltd, PTC India, Bajaj Electricals Ltd, Bata India Ltd, PNB Housing Finance, Zydus Cadila Healthcare Ltd By ARETE Securities
Source: ARETE Securities Ltd
12/08/2021 9:12:44 AM
PNB differs with PNB Housing over proposed Carlyle deal  PNB Housing Finance and its parent Punjab National Bank are on different pages when it comes to the housing finance company's proposed preferential issue worth Rs 4,000 crore to entities led by The Carlyle Group Inc. The Punjab National Bank, in a letter on July 4, said that its board of directors is of the view that the board of PNB Housing Finance should take cognizance of SEBI's order and reconsider restructuring the deal in line with the regulator's directive. &quo...
PNB differs with PNB Housing over proposed Carlyle deal
PNB differs with PNB Housing over proposed Carlyle deal
Source: IANS
8/07/2021 9:34:21 AM
Update On PNB Housing Finance By Motilal Oswal Larger than expected capital raise * The board of PNBHOUSI approved an INR40b equity capital raise plan via a mix of preferential allotment (INR32b) and warrants (INR8b) to four institutional investors (Details in Exhibit 1). The preferential allotment and issuance of warrants are at INR390 per share. The quantum of capital raise is higher than initial estimates of INR20b. * Post the preferential allotment and conversion of warrants, Carlyle Group’s shareholding (across its variou...
Update On PNB Housing Finance By Motilal Oswal
Update On PNB Housing Finance By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
24/06/2021 10:29:27 AM
SAT allows shareholder voting on PNB Housing`s preferential issue In a relief for PNB Housing Finance, the Securities Appellate Tribunal (SAT) has allowed voting by its shareholders on the proposed preferential issue worth Rs 4,000 crore to entities led by The Carlyle Group Inc. The extra-ordinary general meeting (EGM) of the company is scheduled for Tuesday. However, the tribunal has said that the results would not be declared and would be kept in a sealed cover. The company would issue specific directions in this regard to the NSDL, which is the ...
SAT allows shareholder voting on PNB Housing`s preferential issue
SAT allows shareholder voting on PNB Housing`s preferential issue
Source: IANS
22/06/2021 9:20:16 AM
India`s PNB Housing Finance says regulator has called for share allocation delay MUMBAI  - PNB Housing Finance Ltd (PNBHF) on Sunday said India's markets regulator has asked it to put on hold a share allocation worth 40 billion rupees ($539.81 million) to a clutch of investors led by Carlyle Group Inc. The company, in a statement, said it had received a letter from the Securities and Exchange Board of India (SEBI) requesting it to not proceed with the allocation until it undertakes an independent valuation of the shares. PNBHF, which announced the allo...
India`s PNB Housing Finance says regulator has called for share allocation delay
India`s PNB Housing Finance says regulator has called for share allocation delay
Source: Reuters
21/06/2021 8:45:52 AM
SEBI asks PNB Housing to halt Rs 4,000 cr preferential issue of shares The Securities and Exchange Board of India (SEBI) has directed PNB Housing Finance to stall the proposed preferential issue of shares worth up to Rs 4,000 crore to entities led by the The Carlyle Group Inc. The company received a letter from the capital market regulator on June 18 calling it to comply with the legal provisions in the matter. "The current resolution bearing item no. 1 (Issue of Securities of the company and matters related therewith) of EGM notice dated May, 31, 202...
SEBI asks PNB Housing to halt Rs 4,000 cr preferential issue of shares
SEBI asks PNB Housing to halt Rs 4,000 cr preferential issue of shares
Source: IANS
20/06/2021 1:02:36 PM
PNBHF proposed capital infusion to strengthen equity buffer: Ind-Ra The proposed capital infusion in PNB Housing Finance Limited (PNBHF) would strengthen the company's equity buffers to absorb any asset-side stress, said India Ratings and Research (Ind-Ra). According to the ratings agency, it will also provide the company with the capital needed to grow the franchisee. "PNBHF had seen heightened delinquencies and a decline in asset under management in the last two years due to a challenging operating environment amid the Covid-19 pandemic,"...
PNBHF proposed capital infusion to strengthen equity buffer: Ind-Ra
PNBHF proposed capital infusion to strengthen equity buffer: Ind-Ra
Source: IANS
20/06/2021 9:13:35 AM
PNB Housing to raise Rs 4,000 cr from entities affiliated to Carlyle PNB Housing Finance Ltd on Monday announced that its board has approved a capital raise of up to Rs 4,000 crore, led by entities affiliated to The Carlyle Group Inc. Pluto Investments S.a.r.l., an affiliated entity of Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V, L.P., has agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share, the bank said in a regulatory filing. Existing shareholders of the co...
PNB Housing to raise Rs 4,000 cr from entities affiliated to Carlyle
PNB Housing to raise Rs 4,000 cr from entities affiliated to Carlyle
Source: IANS
31/05/2021 3:03:28 PM
Neutral PNB Housing Finance Ltd For Target Rs.400 - Motilal Oswal Business momentum remains slow; asset quality stable * PNB Housing Finance (PNBHOUSI) reported 4QFY21 PAT of INR1.3b (v/s net loss of INR2.4b YoY; 54% miss). The miss was attributable to higher-thanexpected credit costs / opex of INR3.5b/INR1.4b (73%/38% above our est). FY21 PPoP was largely flat, while PAT was up 44% YoY to INR9.3b. * We upgrade our EPS estimates for FY22E on account of lower credit costs – as we believe the bulk of the provisioning has already been upfronted. Ma...
Neutral PNB Housing Finance Ltd For Target Rs.400 - Motilal Oswal
Neutral PNB Housing Finance Ltd For Target Rs.400 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/05/2021 11:05:59 AM
Hold PNB Housing Finance Ltd For Target Rs.385 - ICICI Securities Business transformation underway; modest growth and return metrics PNB Housing Finance’s (PNBHF) earnings at Rs1.3bn were down 45% QoQ due to higher provisioning and run-down in AUM. Reported stage-3 (at 4.44%) settled near to Q3FY21 proforma stage-3. However, retail stage-2 at 5.1%, corporate stage-2 at 10% and restructuring of >2.7% can make balance sheet vulnerable to incremental stress. Strategically, business transformation is underway with new agenda to 1) target mass ret...
Hold PNB Housing Finance Ltd For Target Rs.385 - ICICI Securities
Hold PNB Housing Finance Ltd For Target Rs.385 - ICICI Securities
Source: ICICI Securities Ltd
7/05/2021 10:39:54 AM
PNB Housing Finance gains on turning black in Q4 PNB Housing Finance is currently trading at Rs. 381.00, up by 4.10 points or 1.09% from its previous closing of Rs. 376.90 on the BSE. The scrip opened at Rs. 375.20 and has touched a high and low of Rs. 385.45 and Rs. 371.50 respectively. So far 14803 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 475.00 on 18-Feb-2021 and a 52 week low of Rs. 165.25 on 27-May-2020. Last one week high and low of the scrip sto...
PNB Housing Finance gains on turning black in Q4
PNB Housing Finance gains on turning black in Q4
Source: Accord Fintech
28/04/2021 12:26:47 PM
PNB Housing Finance tie up with Yes Bank for co-lending PNB Housing Finance and Yes Bank on Friday said that they have entered into a strategic co-lending agreement to offer retail loans to home-buyers at competitive interest rates. A PNB Housing statement said that both the financial institutions will synergise their capabilities to provide an efficient and seamless experience to existing and new retail home loan customers. PNB Housing and Yes Bank will jointly do due diligence and co-originate the loan at an agreed ratio. PNB Housing will ...
PNB Housing Finance tie up with Yes Bank for co-lending
PNB Housing Finance tie up with Yes Bank for co-lending
Source: IANS
5/03/2021 1:45:51 PM
PNB not to take part in housing finance arm's planned fund raise  Punjab National Bank will not take part in the capital raising plans of PNB Housing Finance. Last August, the Board of PNB Housing Finance approved raising Rs 1,800 crore of equity capital through preferential issue or rights issue. Referring to the decision, PNB Housing, in a regulatory filing, said that it will continue to pursue with the proposed capital raising plan. "Punjab National Bank has communicated that it shall not be participating in the capital raise plans of...
PNB not to take part in housing finance arm's planned fund raise
PNB not to take part in housing finance arm's planned fund raise
Source: IANS
21/02/2021 5:41:26 PM