PNB Housing board sets meeting date to consider ₹10000 crore fundraise
Stock Market Today: PNB Housing on Friday, June 27, announced that its board will meet next month to consider a fundraising plan worth ₹ 10,000 crore.
PNB Housing Finance Limited in a release on the stock exchanges said that a meeting of the Board of Directors of the company is scheduled on Wednesday, July 02, 2025.
During the aforementioned meeting, among other things, the proposal to raise funds to the tune of ₹ 10,000 crore will be considered and approved by the board of directors. The fundraising is being planned by the issue of Non-Convertible Debentures (NCDs) in one or more tranches on a private placement basis. The shareholders' approval would also be sought for the same at the company's next Annual General Meeting.
In its release, PNB Housing said, 'At the said meeting, inter alia, the proposal of fundraising by issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹ 10,000 Crore (Rupees Ten Thousand Crore Only) on a private placement basis in one or more tranches is being placed for consideration/review by the Board and for obtaining approval from the shareholders at the ensuing Annual General Meeting of the Company.'
PNB Housing Finance share price opened at ₹ 1133 levels on the BSE on Friday. PNB Housing Finance share price at the time of opening was up over 2% compared to the previous day's closing price of ₹ 1110.60. The share price of PNB Housing Finance thereafter extended its gains to intraday highs of ₹ 1135, which translated into gains of more than 2% during the intraday trades. This was despite tepid market sentiments on Friday, when the benchmark S&P BSE Sensex was trading range-bound with marginal gains only.
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