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 Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..