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PNB Housing Finance shines on raising Rs 1,775 crore via CP

PNB Housing Finance is currently trading at Rs. 731.00, up by 24.25 points or 3.43% from its previous closing of Rs. 706.75 on the BSE.

The scrip opened at Rs. 708.00 and has touched a high and low of Rs. 733.00 and Rs. 703.55 respectively. So far 18892 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1598.45 on 26-Oct-2017 and a 52 week low of Rs. 695.50 on 19-Oct-2018.

Last one week high and low of the scrip stood at Rs. 930.30 and Rs. 695.50 respectively. The current market cap of the company is Rs. 11948.60 crore.

The promoters holding in the company stood at 32.79%, while Institutions and Non-Institutions held 28.87% and 38.33% respectively.

PNB Housing Finance has successfully raised funds worth Rs 1,775 crore through Commercial Papers (CP) in October 2018. The CPs are placed to various Mutual Funds and Banks. The company would continue to maintain its overall borrowing through CPs at around 12-13% compared to 19% as of March 31, 2018.

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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