Multibagger Mid Cap NBFC Stock To Consider Fund Raising Up To Rs 5,000 Cr On June 22

Mid cap NBFC sector company, PNB Housing Finance Ltd announced on June 17, 2023 that it plans to consider and approve Non-Convertible Debentures (NCDs) aggregating up to INR 5,000 Crore (Rupees Five Thousand Crore Only) on Private Placement Basis on June 22, 2023. Last trading price of PNB Housing Finance share on BSE is Rs 570.00 per share with intraday gain of 1.66% as of June 16. PNB Housing Finance share gave returns of 106% in last 1-year. Check details below:

PNB Housing Finance To Approve NCDs Up To Rs 5,000 Crore On June 22: According to the BSE filing of the company, "PNB Housing Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/06/2023 ,inter alia, to consider and approve Pursuant to Regulation 29 and 50 of Listing Regulations, we hereby inform you that a Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, June 22, 2023 inter alia to consider and approve issuance of Non - Convertible Debentures aggregating up to INR 5,000 Crore (Rupees Five Thousand Crore Only) on Private Placement Basis."

PNB Housing Finance Stock Performance & Return: Last trading price of PNB Housing Finance stock is Rs 570.00 apiece with intraday gain of 1.66%. Its 52-week high price is Rs 582.70 per share and 52-week low price is Rs 262.89 per share, respectively. Its market capitalisation is Rs 14,778.07 crore. PNB Housing Finance stock delivered 47% return in last 6-months, 106% return in last 1-year, and fell 3% in last 2-years. PNB Housing Finance share offered maximum 236% return in last 3-years.

PNB Housing Finance About: PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016, as per its official website.