PNB Housing Finance rises on planning to raise funds

PNB Housing Finance is currently trading at Rs. 408.00, up by 5.10 points or 1.27% from its previous closing of Rs. 402.90 on the BSE.

PNB Housing Finance
PNB Housing Finance

The scrip opened at Rs. 409.00 and has touched a high and low of Rs. 414.20 and Rs. 396.60 respectively. So far 17388 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 stood at Rs. 416.80 and Rs. 394.00 respectively. The current market cap of the company is Rs. 6792.33 crore.

The promoters holding in the company stood at 32.57%, while Institutions and Non-Institutions held 26.79% and 40.64% respectively.

PNB Housing Finance is planning to raise funds by issue of equity shares through appropriate methods (including Rights Issue), subject to requisite approvals as required under applicable law.

A meeting of the board of directors of PNB Housing Finance is scheduled to be held on March 09, 2022 to consider 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.

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