+
PNB Housing Finance grows 3% as firm announces fundraising plans
Real Estate

PNB Housing Finance grows 3% as firm announces fundraising plans

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code