PNB Housing Finance grows 3% as firm announces fundraising plans

09 Mar 2022 CW Team

PNB Housing Finance added around 3% in early trade as the investors cheered its fresh efforts to raise capital through fundraising.

The mortgage lender board is scheduled to raise capital through a rights issue after a failed attempt to garner Rs 4,000 crore by selling a stake to Carlyle Group.

PNB Housing Finance’s counter rose to Rs 414.40 against the previous close of Rs 402.90 on the National Stock Exchange (NSE).

Bombay Stock Exchange (BSE) Sensex and the Nifty 50 were trading down 3% and 2.8% respectively.

The company told the media that a meeting of the Board of Directors of PNB Housing Finance Limited had been scheduled to be held on 9 March to consider fundraising options by the issue of equity shares through suitable methods, subject to requisite approvals.

According to the Securities and Exchange Board of India (SEBI) Regulations 2015, and the Insider Trading Policy of the Company, the trading window for dealing in the securities will be closed from 5 March to 11 March for the appointed persons.

According to a report, PNB Housing Finance had decided to sell a part of its stake to a group of investors led by Carlyle Group.

The matter has reached the Securities Appellate Tribunal (SAT) after the intervention of SEBI. The company has nixed the proposal of raising Rs 4,000 crore funds due to a legal battle.

Image Source

Also read: PNB Housing Finance Q2 results: Net profit down 25% at Rs 235.21 cr

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..