For Quick Alerts
For Daily Alerts

PNB Housing Finance Slips On Reports Of Sales Of Its Corporate Assets Plan


Shares in HFC company PNB Housing Finance slipped in early trade by as much as 3% to day's low price of Rs. 211 on the BSE compared to its previous day's close of Rs. 218.1 per share .

PNB Housing Finance Slips On Reports Of Sales Of Its Corporate Assets

In a release the company on Thursday, n Thursday said it is actively looking to further sell its corporate assets to streamline balance sheet and has reworked its business plan for the current fiscal as the coronavirus pandemic has changed the dynamics. The company is actively looking down to further sell its corporate asset and make the balance sheet further asset light.

In the fy ending 2020, the company sold off its corporate assets worth Rs 2,307 crore which helped in improving its CRAR (capital to risk weighted assets ratio) to 17.98 by end of March 2020.

At 9:30 am, the stock of PNB Housing Finance traded lower by 1.88% at Rs. 214 per share on the BSE.

Read more about: pnb housing finance
Story first published: Friday, July 10, 2020, 9:34 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more