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.

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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.

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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.

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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.