PNB Housing Finance is preparing to raise up to ₹2,500 crore through the issuance of Non-Convertible Debentures (NCDs). The company's board of directors will convene on September 9 to review and approve this proposal. The NCDs will be issued on a private placement basis in multiple tranches over the next six months.
In recent months, PNB Housing Finance has experienced significant changes in its shareholder structure, with notable stake sales by major investors like The Carlyle Group, General Atlantic Singapore, and Asia Opportunities V (Mauritius). This upheaval in shareholding is expected to impact the company's ownership dynamics.
The company reported a 25% increase in net profit for the fiscal first quarter, reaching ₹433 crore, driven by robust growth in home loans. Its gross non-performing assets (GNPA) fell by 241 basis points to 1.35%, and net NPA declined to 0.92%.
On September 4, PNB Housing Finance's shares closed at ₹1052.90 on the BSE, up by ₹50 or 4.99% from the previous day.
In recent months, PNB Housing Finance has experienced significant changes in its shareholder structure, with notable stake sales by major investors like The Carlyle Group, General Atlantic Singapore, and Asia Opportunities V (Mauritius). This upheaval in shareholding is expected to impact the company's ownership dynamics.
The company reported a 25% increase in net profit for the fiscal first quarter, reaching ₹433 crore, driven by robust growth in home loans. Its gross non-performing assets (GNPA) fell by 241 basis points to 1.35%, and net NPA declined to 0.92%.
On September 4, PNB Housing Finance's shares closed at ₹1052.90 on the BSE, up by ₹50 or 4.99% from the previous day.
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