PNB Housing Board Approves Fundraising Of Rs 3,500 Cr Through NCDs

The offering will occur through private placement in installments over the next six months. PNB Housing Finance, a deposit-accepting housing finance company, boasts the second-largest deposits among housing finance firms. As of 30 September 2023, Punjab National Bank held a 28.14 per cent stake in the company. In Q2 FY24, the company reported a consolidated net profit surge of 45.8 per cent to Rs 383 crore, accompanied by a 5.7 per cent increase in total income to Rs 1,779.40 crore compared to Q2 FY23. On Friday, 24 November 2023, the stock closed at Rs 784.30, marking a 1.56 per cent decline.