PNB Housing Finance is planning to seek shareholders' approval to raise up to Rs 45,000 crore through debt securities. The company's annual general meeting is scheduled to take place on August 5, 2020. Shareholders are being requested to authorize the board of directors to offer, from time to time, the subscription of redeemable, secured/unsecured non-convertible debentures (NCDs) aggregating up to Rs 45,000 crore in one or more tranches.
The company intends to raise long term funds through bonds in the current year as well to meet lending requirements. It is therefore proposed that the members authorize the board to borrow money through NCDs up to Rs 45,000 crore outstanding at any time through private placement offer letter and/or by way of the public issue from time to time.
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.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 540.05 |
| Housing & Urban Dev. | 197.00 |
| Bajaj Housing Financ | 91.83 |
| Piramal Finance | 1673.65 |
| PNB Housing Finance | 924.40 |
| View more.. | |
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