1 Mid Cap Housing Finance Stock And 1 SME Realty Stock Announced Rights Issue

2 companies have announced rights issue through exchange filings. The companies are PNB Housing Finance Limited and Samor Reality Limited. Today on March 28, 2023, the boards of both the companies held their respective meetings to discuss and approve the rights issue. Both the companies did not share details of the record date in the filings. The details are given below.

PNB Housing Finance Limited announced rights issue
According to the exchang Samor Reality Limited e filing of PNB Housing Finance Limited, a mid cap housing finance company, the board agreed to issue equity shares. " the board of directors of the Company approved by way of a rights issue for an amount not exceeding ₹2,500 crore."

PNB Housing Finance Limited was incorporated in 1988 and is promoted by Punjab National Bank as a registered housing finance company. The company has a market capitalisation of Rs 8,209.08 crore. Its latest stock price is Rs 486.25, per share, which is up by 4.16% over previous day's closing price.

Samor Reality Limited announced rights issue
Samor Reality Limited is a small medium enterprise incorporated in December 2020 that operates as a real estate company. It has a market cap of Rs 52.68 crore and today in board meeting it was decided to "Issuance of equity shares having a face value of Rs 10 each by way of a rights issue to the eligible equity shareholders of the Company as on the record date (to be notified subsequently) for an amount not exceeding Rs 30 Crores in accordance with the SEBI Regulations, 2018, as amended, the Companies Act, 2013 and other applicable laws, at such price and on such terms and conditions as may be decided by the Board."

Its latest stock price is Rs 49 per share, which is up by 16.95% over previous day's closing price.

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