PNB Housing Finance Share Price
PNB Housing Finance Ltd.
Performance of PNB Housing Finance Shares 
Open Price
Prev. Close
Volume
Value
About PNB Housing Finance
Have you given any thought to investing in the home finance industry? Check out the offerings from PNB Home Finance! It is a dependable company that takes the main role in the business. Customers of PNB Housing Finance may choose from various financing options for their homes, such as loans for purchasing homes, loans for home improvements, and loans for house additions and extensions.
The PNB Housing Finance Share Price is now trading at an appealing level, providing investors with a good chance to profit from their investments. The firm has robust financial health, as shown by its market value of more than 4,000 crore Indian Rupees. It has been able to keep up its rapid expansion because of its many product lines and the attention it pays to the needs of its customers.
The home loan packages offered by PNB Home Finance are individualized to cater to the requirements of their clientele, and they provide adaptable repayment alternatives and low-interest rates. Since the organization uses a sophisticated loan processing system, the procedure for applying for a loan is guaranteed to be quick, easy, and trouble-free.
PNB Home Finance has a proven track record of providing stable returns to its shareholders, having sound financials, and taking a strategy centred on the client's needs. The firm has successfully maintained a dividend payment ratio that is in good health, therefore offering its shareholders a dependable source of income.
PNB Housing Finance Share is a fantastic investment option if you are interested in the housing finance industry and seeking a dependable investment option. You may have confidence in your investment because of the company's excellent financial position, customer-centric attitude, and track record of consistently producing positive returns. As a result, you can anticipate high returns on your investment.
Do not pass up this wonderful chance to profit from your investment! To learn more about PNB Home Finance and the investment alternatives it provides, Click Here. PNB Home Finance is an example of a successful and expanding business. Therefore you should take advantage of this chance and invest in the firm.
The PNB Housing Finance Share Price is now trading at an appealing level, providing investors with a good chance to profit from their investments. The firm has robust financial health, as shown by its market value of more than 4,000 crore Indian Rupees. It has been able to keep up its rapid expansion because of its many product lines and the attention it pays to the needs of its customers.
The home loan packages offered by PNB Home Finance are individualized to cater to the requirements of their clientele, and they provide adaptable repayment alternatives and low-interest rates. Since the organization uses a sophisticated loan processing system, the procedure for applying for a loan is guaranteed to be quick, easy, and trouble-free.
PNB Home Finance has a proven track record of providing stable returns to its shareholders, having sound financials, and taking a strategy centred on the client's needs. The firm has successfully maintained a dividend payment ratio that is in good health, therefore offering its shareholders a dependable source of income.
PNB Housing Finance Share is a fantastic investment option if you are interested in the housing finance industry and seeking a dependable investment option. You may have confidence in your investment because of the company's excellent financial position, customer-centric attitude, and track record of consistently producing positive returns. As a result, you can anticipate high returns on your investment.
Do not pass up this wonderful chance to profit from your investment! To learn more about PNB Home Finance and the investment alternatives it provides, Click Here. PNB Home Finance is an example of a successful and expanding business. Therefore you should take advantage of this chance and invest in the firm.
Fundamentals of PNB Housing Finance Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 8585.55 Cr |
25.61 |
3.30 |
81.01 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
13.90 % |
48.75 |
0.70 % |
630.42 |
Similar Stocks
FAQ’s
How to buy PNB Housing Finance Ltd. shares?
All you have to do to buy PNB Housing Finance Ltd. share is download Nuuu app, create a demat account, and get your KYC documents verified online.
Can I buy PNB Housing Finance Ltd. shares?
Yes you can buy PNB Housing Finance Ltd. shares, all you need is to have a verified demat account with Nuuu. And enjoy benefits like free brokerage credits and more.
What is the Market Cap of PNB Housing Finance Ltd. shares?
As of 20 Mar`23 the Market Cap of PNB Housing Finance Ltd. is 8585.55.
What is the PE and PB ratio of PNB Housing Finance Ltd. stock?
As of 20 Mar`23 the PE is 25.61 and PB is 3.30.
PNB Housing Finance - Quaterly Results
Publish Date: 27/10/2022
The Revenue for the quarter ended September 2022 of Rs. 16721.80 millions grew by 6.55 % from Rs. 15693.50 millions.Profit saw a slight increase of 12.69%to Rs. 2629.10 millions from Rs. 2333.10 millions.The company reported a degrowth in operating Profit to 13154.80 millions from 13336.40 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 16721.80 | 15693.50 | 6.55 | 30765.20 | 32447.00 | -5.18 | 61410.90 | 75652.00 | -18.82 |
| Other Income | -6.20 | 31.00 | -120.00 | 6.60 | 42.00 | -84.29 | 48.30 | 187.80 | -74.28 |
| PBIDT | 13154.80 | 13336.40 | -1.36 | 25723.60 | 27554.90 | -6.65 | 51815.80 | 63459.00 | -18.35 |
| Interest | 9641.30 | 10340.80 | -6.76 | 18946.10 | 21371.70 | -11.35 | 40656.30 | 51004.00 | -20.29 |
| PBDT | 3513.50 | 2995.60 | 17.29 | 6777.50 | 6183.20 | 9.61 | 11159.50 | 12455.00 | -10.40 |
| Depreciation | 131.40 | 133.80 | -1.79 | 261.10 | 261.40 | -0.11 | 531.80 | 587.80 | -9.53 |
| PBT | 3382.10 | 2861.80 | 18.18 | 6516.40 | 5921.80 | 10.04 | 10627.70 | 11867.20 | -10.44 |
| TAX | 753.00 | 528.70 | 42.42 | 1505.30 | 1239.10 | 21.48 | 2408.50 | 2615.00 | -7.90 |
| Deferred Tax | -71.30 | -190.50 | -62.57 | 301.60 | -651.30 | -146.31 | -17.10 | -1464.60 | -98.83 |
| PAT | 2629.10 | 2333.10 | 12.69 | 5011.10 | 4682.70 | 7.01 | 8219.20 | 9252.20 | -11.16 |
| Equity | 1686.20 | 1685.80 | 0.02 | 1686.20 | 1685.80 | 0.02 | 1686.00 | 1682.70 | 0.20 |
| PBIDTM(%) | 78.67 | 84.98 | -7.43 | 83.61 | 84.92 | -1.54 | 84.38 | 83.88 | 0.59 |
PNB Housing Finance - Quaterly Results
Publish Date: 24/01/2023
The December 2022 quarter revenue stood at Rs. 17872.20 millions, up 20.58% as compared to Rs. 14822.30 millions during the corresponding quarter last year.A comparatively good net profit growth of 48.21% to Rs. 2722.50 millions was reported for the quarter ended December 2022 compared to Rs. 1836.90 millions of previous same quarter.Operating Profit saw a handsome growth to 13783.00 millions from 12580.90 millions in the quarter ended December 2022.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 17872.20 | 14822.30 | 20.58 | 48637.40 | 47269.30 | 2.89 | 61410.90 | 75652.00 | -18.82 |
| Other Income | 1.80 | 2.30 | -21.74 | 8.40 | 44.30 | -81.04 | 48.30 | 187.80 | -74.28 |
| PBIDT | 13783.00 | 12580.90 | 9.55 | 39506.60 | 40135.80 | -1.57 | 51815.80 | 63459.00 | -18.35 |
| Interest | 9966.40 | 9975.00 | -0.09 | 28912.50 | 31346.70 | -7.77 | 40656.30 | 51004.00 | -20.29 |
| PBDT | 3816.60 | 2605.90 | 46.46 | 10594.10 | 8789.10 | 20.54 | 11159.50 | 12455.00 | -10.40 |
| Depreciation | 125.50 | 130.80 | -4.05 | 386.60 | 392.20 | -1.43 | 531.80 | 587.80 | -9.53 |
| PBT | 3691.10 | 2475.10 | 49.13 | 10207.50 | 8396.90 | 21.56 | 10627.70 | 11867.20 | -10.44 |
| TAX | 968.60 | 638.20 | 51.77 | 2473.90 | 1877.30 | 31.78 | 2408.50 | 2615.00 | -7.90 |
| Deferred Tax | 1146.80 | 681.70 | 68.23 | 1448.40 | 30.40 | 4664.47 | -17.10 | -1464.60 | -98.83 |
| PAT | 2722.50 | 1836.90 | 48.21 | 7733.60 | 6519.60 | 18.62 | 8219.20 | 9252.20 | -11.16 |
| Equity | 1687.90 | 1685.90 | 0.12 | 1687.90 | 1685.90 | 0.12 | 1686.00 | 1682.70 | 0.20 |
| PBIDTM(%) | 77.12 | 84.88 | -9.14 | 81.23 | 84.91 | -4.34 | 84.38 | 83.88 | 0.59 |
PNB Housing Finance - Quaterly Results
Publish Date: 24/01/2023
A fair growth of 20.58% in the revenue at Rs. 17872.20 millions was reported in the December 2022 quarter as compared to Rs. 14822.30 millions during year-ago period.A comparatively good net profit growth of 48.21% to Rs. 2722.50 millions was reported for the quarter ended December 2022 compared to Rs. 1836.90 millions of previous same quarter.Operating profit surged to 13783.00 millions from the corresponding previous quarter of 12580.90 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 17872.20 | 14822.30 | 20.58 | 48637.40 | 47269.30 | 2.89 | 61410.90 | 75652.00 | -18.82 |
| Other Income | 1.80 | 2.30 | -21.74 | 8.40 | 44.30 | -81.04 | 48.30 | 187.80 | -74.28 |
| PBIDT | 13783.00 | 12580.90 | 9.55 | 39506.60 | 40135.80 | -1.57 | 51815.80 | 63459.00 | -18.35 |
| Interest | 9966.40 | 9975.00 | -0.09 | 28912.50 | 31346.70 | -7.77 | 40656.30 | 51004.00 | -20.29 |
| PBDT | 3816.60 | 2605.90 | 46.46 | 10594.10 | 8789.10 | 20.54 | 11159.50 | 12455.00 | -10.40 |
| Depreciation | 125.50 | 130.80 | -4.05 | 386.60 | 392.20 | -1.43 | 531.80 | 587.80 | -9.53 |
| PBT | 3691.10 | 2475.10 | 49.13 | 10207.50 | 8396.90 | 21.56 | 10627.70 | 11867.20 | -10.44 |
| TAX | 968.60 | 638.20 | 51.77 | 2473.90 | 1877.30 | 31.78 | 2408.50 | 2615.00 | -7.90 |
| Deferred Tax | 1146.80 | 681.70 | 68.23 | 1448.40 | 30.40 | 4664.47 | -17.10 | -1464.60 | -98.83 |
| PAT | 2722.50 | 1836.90 | 48.21 | 7733.60 | 6519.60 | 18.62 | 8219.20 | 9252.20 | -11.16 |
| Equity | 1687.90 | 1685.90 | 0.12 | 1687.90 | 1685.90 | 0.12 | 1686.00 | 1682.70 | 0.20 |
| PBIDTM(%) | 77.12 | 84.88 | -9.14 | 81.23 | 84.91 | -4.34 | 84.38 | 83.88 | 0.59 |
PNB Housing Finance - Quaterly Results
Publish Date: 24/01/2023
A fair growth of 20.58% in the revenue at Rs. 17872.20 millions was reported in the December 2022 quarter as compared to Rs. 14822.30 millions during year-ago period.A comparatively good net profit growth of 48.21% to Rs. 2722.50 millions was reported for the quarter ended December 2022 compared to Rs. 1836.90 millions of previous same quarter.Operating profit surged to 13783.00 millions from the corresponding previous quarter of 12580.90 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 17872.20 | 14822.30 | 20.58 | 48637.40 | 47269.30 | 2.89 | 61410.90 | 75652.00 | -18.82 |
| Other Income | 1.80 | 2.30 | -21.74 | 8.40 | 44.30 | -81.04 | 48.30 | 187.80 | -74.28 |
| PBIDT | 13783.00 | 12580.90 | 9.55 | 39506.60 | 40135.80 | -1.57 | 51815.80 | 63459.00 | -18.35 |
| Interest | 9966.40 | 9975.00 | -0.09 | 28912.50 | 31346.70 | -7.77 | 40656.30 | 51004.00 | -20.29 |
| PBDT | 3816.60 | 2605.90 | 46.46 | 10594.10 | 8789.10 | 20.54 | 11159.50 | 12455.00 | -10.40 |
| Depreciation | 125.50 | 130.80 | -4.05 | 386.60 | 392.20 | -1.43 | 531.80 | 587.80 | -9.53 |
| PBT | 3691.10 | 2475.10 | 49.13 | 10207.50 | 8396.90 | 21.56 | 10627.70 | 11867.20 | -10.44 |
| TAX | 968.60 | 638.20 | 51.77 | 2473.90 | 1877.30 | 31.78 | 2408.50 | 2615.00 | -7.90 |
| Deferred Tax | 1146.80 | 681.70 | 68.23 | 1448.40 | 30.40 | 4664.47 | -17.10 | -1464.60 | -98.83 |
| PAT | 2722.50 | 1836.90 | 48.21 | 7733.60 | 6519.60 | 18.62 | 8219.20 | 9252.20 | -11.16 |
| Equity | 1687.90 | 1685.90 | 0.12 | 1687.90 | 1685.90 | 0.12 | 1686.00 | 1682.70 | 0.20 |
| PBIDTM(%) | 77.12 | 84.88 | -9.14 | 81.23 | 84.91 | -4.34 | 84.38 | 83.88 | 0.59 |
PNB Housing Finance informs about resignation of CFO
Publish Date: 24/08/2022
PNB Housing Finance has informed about resignation of Interim Chief Financial Officer (CFO) under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
PNB Housing Finance informs about press release
Publish Date: 27/10/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, PNB Housing Finance has informed that it attached the Press Release of the Company for the Quarter and Half Year ended September 30, 2022. A copy of the same is placed on the website of the Company https://www.pnbhousing.com/
The above information is a part of company’s filings submitted to BSE.
PNB Housing Finance informs about investor presentation
Publish Date: 27/10/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, PNB Housing Finance has informed that it attached the Investor Presentation of the Company for the Quarter and Half Year ended September 30, 2022. A copy of the same is placed on the website of the Company https://www.pnbhousing.com/.
The above information is a part of company’s filings submitted to BSE.
PNB Housing Finance informs about outcome of board meeting
Publish Date: 27/10/2022
PNB Housing Finance has informed that the Board of Directors of the Company at its meeting held today October 27, 2022 which commenced at 12:30 pm (IST) and concluded at 02.45 pm (IST) has approved the Un-Audited Standalone and Consolidated Financial Results for the Quarter and Half Year ended September 30, 2022, in terms of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’). A copy of the said Results along with limited review report issued by the Joint Statutory Auditors of the Company is enclosed herewith and the same are available on the website of the Company at https://www.pnbhousing.com/. Also enclosed the disclosures in accordance with Regulation 52(4) of the Listing Regulations. In terms of the Insider Trading Code of the company’s and the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the amendments thereto, the trading window for dealing in the shares of the Company will open from Monday, October 31, 2022.
The above information is a part of company’s filings submitted to BSE.
PNB Housing Finance informs about disclosure on related party transactions
Publish Date: 27/10/2022
Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, PNB Housing Finance has informed that it attached disclosure on Related Party Transactions, to the extent applicable, drawn in accordance with applicable accounting standards for the half year ended September 30, 2022. A copy of the same is placed on the website of the Company https://www.pnbhousing.com/.
The above information is a part of company’s filings submitted to BSE.
PNB Housing Finance informs about newspaper advertisement
Publish Date: 23/11/2022
Pursuant to Regulation 30 & 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), PNB Housing Finance has informed that it enclosed copies of newspaper advertisement published in Business Standard (English and Hindi edition) regarding Postal Ballot Notice and e-voting Information. The same is also available on the website of the Company: www.pnbhousing.com.
The above information is a part of company’s filings submitted to BSE.
PNB Housing Finance zooms on opening 'Roshni' branches for affordable housing loans
Publish Date: 19/12/2022
Under this initiative, the company will offer retail loans to individuals in the range of Rs 5 lakh to Rs 30 lakh
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 stood at Rs. 519.00 and Rs. 420.10 respectively. The current market cap of the company is Rs. 8108.24 crore.
The promoters holding in the company stood at 32.57%, while Institutions and Non-Institutions held 26.52% and 40.91% respectively.
PNB Housing Finance has opened 'Roshni' branches in various locations, including tier II and III cities, for deepening its customer base in the affordable housing segment. Through its affordable home loan scheme Roshni, the company has also renewed its commitment towards the government's Housing for All mission.
Under this initiative, the company will offer retail loans to individuals in the range of Rs 5 lakh to Rs 30 lakh. The company's Roshni branches inaugurated in Chennai, Coimbatore, Ghaziabad, Hyderabad, Indore/Ujjain, Lucknow, Mumbai, Nagpur, Pune, Rajkot and Varanasi will cater to customers in this segment.
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.
PNB Housing Finance trades higher on the BSE
Publish Date: 20/12/2022
PNB Housing Finance has opened 'Roshni' branches for affordable housing loans
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 scrip stood at Rs 535.35 and Rs. 444.00 respectively. The current market cap of the company is Rs. 8925.99 crore.
The promoters holding in the company stood at 32.57%, while Institutions and Non-Institutions held 26.52% and 40.91% respectively.
PNB Housing Finance has opened 'Roshni' branches in various locations, including tier II and III cities, for deepening its customer base in the affordable housing segment. Through its affordable home loan scheme Roshni, the company has also renewed its commitment towards the government's Housing for All mission.
Under this initiative, the company will offer retail loans to individuals in the range of Rs 5 lakh to Rs 30 lakh. The company's Roshni branches inaugurated in Chennai, Coimbatore, Ghaziabad, Hyderabad, Indore/Ujjain, Lucknow, Mumbai, Nagpur, Pune, Rajkot and Varanasi will cater to customers in this segment.
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.
PNB Housing Finance informs about press release
Publish Date: 24/01/2023
PNB Housing Finance has informed about Press Release on the Financial Performance of the Company for the Quarter and Nine months ended December 31, 2022.
The above information is a part of company’s filings submitted to BSE.
Board Meeting
Publish Date: 24/01/2023
Quarterly Results
Board Meeting
Publish Date: 27/10/2022
Quarterly Results
Board Meeting
Publish Date: 14/06/2022
Inter alia to consider and approve issuance of Non ? Convertible Debentures aggregating up to INR 2,000 Crore (Rupees Two Thousand Crore Only) on Private Placement Basis.
Board Meeting
Publish Date: 28/04/2022
Audited Results & Quarterly Results
Board Meeting
Publish Date: 09/03/2022
Inter alia, to consider fund raising options by issue of equity shares through appropriate methods (including Rights Issue), subject to requisite approvals as required under applicable law
Board Meeting
Publish Date: 20/01/2022
Quarterly Results
Board Meeting
Publish Date: 02/11/2021
Quarterly Results
Board Meeting
Publish Date: 04/08/2021
Quarterly Results
Board Meeting
Publish Date: 31/05/2021
Inter alia, to consider and approve Fund raising.
Board Meeting
Publish Date: 27/04/2021
Audited Results & Final Dividend
Board Meeting
Publish Date: 27/01/2021
Quarterly Results Inter alia, To consider Fund Raising by the Company by way of issue of equity shares of PNB Housing Finance Ltd.
PNB Housing Finance reports 12% rise in Q2 consolidated net profit
Publish Date: 27/10/2022
Total consolidated Income of the company increased by 6.12% to 1,683.43 crore for Q2FY23
PNB Housing Finance has reported results for second quarter ended September 30, 2022.
The company has reported rise of 12.69% in its net profit at Rs 262.91 crore for Q2FY23 as compared to Rs 233.31 crore for the corresponding quarter previous year. Total income of the company increased by 6.30% to Rs 1,671.56 crore for the quarter under review as compared to Rs 1,572.45 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 11.66% in its net profit at Rs 262.63 crore for the quarter under review as compared to Rs 235.21 crore for the same quarter in the previous year. Total income of the company increased by 6.12% to 1,683.43 crore for the quarter under review as compared to Rs 1,586.41 crore for the same quarter in the previous year.
PNB Housing Finance planning to raise up to Rs 2000 crore through NCDs
Publish Date: 17/01/2023
A meeting of the Board of Directors of the Company is scheduled to be held on January 24, 2023 to consider and approve the same
PNB Housing Finance is planning to raise up to Rs 2000 crore through issuance of Non-Convertible Debentures (NCDs) on Private Placement Basis in one or more tranches. A meeting of the Board of Directors of the Company is scheduled to be held on January 24, 2023 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.
PNB Housing Finance reports 43% rise in Q3 consolidated net profit
Publish Date: 25/01/2023
Total consolidated income of the company increased by 20.12% to Rs 1796.52 crore for Q3FY23
PNB Housing Finance has reported results for third quarter ended December 31, 2022.
The company has reported rise of 48.21% in its net profit at Rs 272.25 crore for Q3FY23 as compared to Rs 183.69 crore for the corresponding quarter previous year. Total income of the company increased by 20.57% to Rs 1787.40 crore for the quarter under review as compared to Rs 1482.46 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 42.80% in its net profit at Rs 269.13 crore for Q3FY23 as compared to Rs 188.45 crore for the same quarter in the previous year. Total income of the company increased by 20.12% to Rs 1796.52 crore for the quarter under review as compared to Rs 1495.61 crore for the same quarter in the previous year
PNB Housing Finance gets Sebi's nod to raise up to Rs 2,500 crore
Publish Date: 14/03/2023
The company intends to utilise the net proceeds from the issue towards augmenting its capital base
PNB Housing Finance has received capital markets regulator Sebi's go ahead to raise up to Rs 2,500 crore through rights issue of shares. The housing finance firm, which had filed draft papers with Sebi in December 2022 regarding the rights issue, obtained its 'observations' on March 6, which is necessary for any company to launch the issue.
PNB Housing will issue fully paid-up equity shares of the company by way of a rights issue to its existing shareholders for an amount not exceeding Rs 2,500 crore. The company intends to utilise the net proceeds from the issue towards augmenting its capital base.
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.
Open A Free Demat Account
Sign Up
