PNB Housing Finance shines on getting nod to raise Rs 10,000 crore via NCDs

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PNB Housing Finance is currently trading at Rs. 545.45, up by 98.75 points or 22.11% from its previous closing of Rs. 446.70 on the BSE.

The scrip opened at Rs. 460.00 and has touched a high and low of Rs. 558.00 and Rs. 460.00 respectively. So far 458300 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. 1039.70 on 27-Nov-2018 and a 52 week low of Rs. 371.90 on 17-Oct-2019.

Last one week high and low of the scrip stood at Rs. 558.00 and Rs. 440.50 respectively. The current market cap of the company is Rs. 8650.84 crore.

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The promoters holding in the company stood at 32.66 % while Institutions and Non-Institutions held 30.55 % and 36.79 % respectively.

PNB Housing Finance has received an approval to issue secured and unsecured non-convertible debentures (NCDs) aggregating up to an amount of Rs 10,000 crore in tranches. The Board of Directors of the company at their meeting held on October 24, 2019, approved 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.