Comments
PNB housing Finance on Wednesday said that its board of directors have approved a proposal to raise equity capital up to ₹1,800 crore through preferential issue or a rights issue.
This capital raising is subject to shareholder and regulatory approvals, said a filing by the housing finance lender to the stock exchanges.
Recently, Punjab National Bank(PNB)—which held 32.65 per cent stake in PNB Housing Finance as on March 31, 2020–had said it would infuse ₹600 crore in the Housing Finance lender through preferential issue or rights issue.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.