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PNB Housing Finance gains on planning to raise $400 million through masala bonds

21 Feb 2018 Evaluate

PNB Housing Finance is currently trading at Rs. 1212.00, up by 11.45 points or 0.95% from its previous closing of Rs. 1200.55 on the BSE.

The scrip opened at Rs. 1203.95 and has touched a high and low of Rs. 1213.40 and Rs. 1198.30 respectively. So far 6087 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1715.30 on 30-Aug-2017 and a 52 week low of Rs. 960.00 on 14-Mar-2017.

Last one week high and low of the scrip stood at Rs. 1,257.30 and Rs. 1,172.00 respectively. The current market cap of the company is Rs. 20114.48 crore.

The promoters holding in the company stood at 32.96%, while Institutions and Non-Institutions held 24.06% and 42.97% respectively.

PNB Housing Finance is planning to raise $400 million through masala bonds in order to fund building of affordable homes. Of the total, World Bank’s arm IFC has agreed to underwrite $150 million from its own funds, while the balance would be raised through other investors. The money will be raised through masala bonds - rupee-denominated bonds issued in overseas capital markets.

PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, purchase, repair and upgradation of houses.


PNB Housing Finance Share Price

924.40 31.15 (3.49%)
17-Apr-2026 16:59 View Price Chart
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