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PNB Housing to Raise Rs 3,500 Cr via NCDs

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By Rediff Money Desk, NEWDELHI   Nov 24, 2023 19:32

PNB Housing Finance to raise Rs 3,500 crore through non-convertible debentures (NCDs) to fund business growth over the next six months.
PNB Housing to Raise Rs 3,500 Cr via NCDs
New Delhi, Nov 24 (PTI) PNB Housing Finance on Friday said its board has approved a proposal to raise Rs 3,500 crore via non-convertible debentures (NCDs) to fund business growth.

The NCD will be raised on a private placement basis, PNB Housing Finance said in a regulatory filing.

The fund will be raised in tranches over the next six months, it said.
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