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PNB Housing Finance gets nod to raise Rs 1,700 crore via QIP

04 Mar 2020 Evaluate

PNB Housing Finance’s board has approved to raise equity capital aggregating up to Rs 1,700 crore through a qualified institutions placement (QIP). The Board of Directors of the company at their meeting held on March 3, 2020, approved the same.

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 up-gradation of houses.

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