PNB Housing Finance has received approval for a proposal to raise Rs 3,500 crore via non-convertible debentures (NCDs) to fund business growth. The NCD will be raised on a private placement basis. The fund will be raised in tranches over the next six months. The Board of Directors of the company at its meeting held on November 24, 2023 has inter-alia 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.
