PNB Housing Finance plans to raise Rs 2,500 cr through rights issues

13 Mar 2022 CW Team

Punjab National Bank Housing Finance (PNB HFC) has planned to raise Rs 2,500 crore in equity by allocating shares via rights issues to meet capital adequacy norms and support business growth.

The board of the company approved the request to raise cash at a meeting.

The company told the media that it would announce the issue price, entitlement ratio, and timing in due course.

In December 2021, the capital adequacy ratio (CAR) of the firm was 21.59%, with tier I of 18.9%.

PNB HFC cancelled plans for a preferential issue of equity share issuance to earn Rs 4,000 crore from a group of investors led by private equity firm Carlyle in October 2021. The acquisition was called off due to lengthy litigation and uncertainties about approvals.

At the end of December 2021, public sector lender PNB held a 32.57% ownership in the HFC as a promoter.

According to the media, PNB HFC's position in mobilising cost-effective liabilities would be strengthened by raising equity capital, allowing for more competitive loan pricing. Although deleveraging has decreased financial risks, the asset-side risk remains high.

Due to the company's purposeful choice to reduce its wholesale portfolio, Covid-led operational interruptions, and tough competition from banks, PNB HFC's loan portfolio has dropped since FY19.

From Rs 74,469 crore in March 2021 and Rs 83,346 crore in March 2020, its assets under management (AUM) fell to Rs 66,539 crore in December 2021.

Image Source

Also read: PNB Housing Finance grows 3% as firm announces fundraising plans

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..