The proposed NCDs are to be issued on a personal placement foundation, in tranches over the following six months, the corporate mentioned in an change submitting.
“A gathering of the board of administrators is scheduled for Monday, September 9, 2024, to think about and approve the issuance of Non-Convertible Debentures as much as ₹2,500 crore on a personal placement foundation, in tranches over the following six months”, mentioned the change submitting.
Reacting to this announcement, the corporate’s shares surged 5.4 per cent to hit a 52-week excessive of ₹ 1,109.9 in Thursday’s buying and selling on the BSE earlier than closing at ₹1,037.80 for the day.
In latest months, PNB Housing has seen a number of block offers in bourses round its shares with large names like The Carlyle Group, Common Atlantic Singapore and Asia Alternatives V (Mauritius) being on the promoting facet in these offers.
PNBHFL had reported a 25 per cent improve in consolidated internet revenue for the primary quarter ended June 30, 2024, at ₹433 crore (₹347 crore). The retail-focused house mortgage lender reported a internet revenue of ₹ 439 crore within the March 2024 quarter.
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