PNB Housing board sets meeting date to consider ₹10000 crore fundraise
Stock Market Today: PNB Housing board has set meeting dates to consider a ₹ 10000 crore fundraise. Check details.
PNB Housing Finance Limited on Friday, 27 June 2025, intimated to the exchanges about the board meeting dates. In its release on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange, PNB Housing Finance Limited 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 ₹ 10000 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 that "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 slightly 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.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
Stocks to Watch Today: Torrent Pharma, Tata Steel, Mazagon Dock, Suzlon
Stocks to Watch Today, Monday, June 30, 2025: ITD Cementation, Asian Paints, BHEL, RVNL, Titagarh Rail System, NTPC, TVS Holdings, and Waaree Energies are some of the top stocks to watch today Nikita Vashisht New Delhi Stocks to Watch today, Monday, June 30, 2025: Markets in the Asia Pacific regions are ruling higher on Monday, following S&P500 and Nasdaq Composite's record high closing on Wall Street last Friday,. At 7:05 AM, GIFT Nifty futures were quoting 20 points higher at 25,770 level. Investo₹will watch out India' industrial and manufacturing production data for May, coupled with developments in the global markets regarding US President Donald Trump's trade deals, and China's NBS Manufacturing data for June. Japan's Nikkei is ruling 1.7 per cent higher, while Australia's ASX200 is up 0.2 per cent. South Korea's Kospi added 0.85 per cent. Here is a list of stocks to watch today: Tata Steel share price: The company has received a show cause-cum-demand notice from the Goods and Services Tax (GST) audit department for irregular availment of Input Tax Credit for the period FY2018-19 through FY2022-23. The tax notice is for ₹1,007.54 crore. Torrent Pharmaceuticals share price: Torrent Pharma has informed the stock exchanges that it will acquire a controlling stake in JB Chemicals by acquiring 74.48 million (46.39 per cent) shares in the company for ₹11,917 crore from Tau Investment Holdings Pte. Ltd., the promoter of the target company. It said it may also acquire up to 2.8 per cent equity from certain employees of JB Chemicals at a price not exceeding ₹1,600 per share. Further, Torrent Pharma will make an open offer for an additional 26 per cent stake (41.74 million shares) at ₹1,639.18 per share. Adani Group stocks: The United States SEC has informed the US District Court of New York that summons and complaints against Gautam Adani and Sagar Adani have yet to be served on them. This is regarding a case where it was alleged that Gautam Adani and Sagar Adani violated US federal laws while raising a debt fund of $175 million in September 2021. Track Stock Market LIVE Updates Titagarh Rail Systems share price: A consortium of the railway company, along with Titagarh Firema S.p.A (an associate company), has won an order worth ₹430.53 crore for the design, manufacture, supply, testing, and commissioning of 12 passenger rolling stock (Electrical Multiple Units) and training of personnel for Pune Metro Rail Project. Bharat Heavy Electricals (BHEL) share price: BHEL has received a Letter of Award (LoA) from Adani Power Ltd. for six thermal units of 800 megawatt (Mw). The domestic order is valued at around ₹6,500 crore. RVNL share price: Rail Vikas Nigam Limited (RVNL) has emerged as the lowest bidder for a new project, wherein it will have to design, supply, testing and commission OHE upgradation of existing 1X25Kv system to 2X25Kv at feeding system with feeder in DuvvadaRajahmundry & Samalkot- Kakinada Port section of Vijaywada Division, South Central Railway. The project is worth ₹213.22 crore. NTPC share price: The company's subsidiary, NTPC Green Energy, has begun commercial operations of the third and last part capacity of 120 Mw, out of 220 Mw, Shajapur Solar Project (Unit-II) at Shajapur, Madhya Pradesh. TVS Holdings share price: TVS Holdings has subscribed to and has been allotted an additional 94.60 million equity shares of ₹10/- each in Home Credit India Finance Private Limited, a subsidiary of the company. The company's shareholding in Home Credit continues to remain at 81.04 per cent post the said investment. Gujarat Industries Power share price: The small-cap company has commissioned 105 Mw, out of 600 Mw Solar Power Project, located within the 2,375-Me Renewable Energy Park at Khavda, Great Rann of Kutch. Waaree Energies share price: Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies, has received an order for the supply of 540 Mw solar modules from a undisclosed customer, who is a developer and owner-operator of utility scale solar and energy storage projects across the United States. Suzlon Energy share price: Market regulator Sebi has disposed off Adjudication Proceedings in a 2022 case, related to certain specific transactions between the company and its domestic subsidiaries. Finding no evidence of violations, Sebi said the adjudication proceedings initiated against the involved parties, vide SCN, stands disposed off. ITD Cementation share price: ITD Cementation India has secured an International Marine Contract worth $ 67.4 million (₹580 crore). Bharat Forge share price: Sugandha Hiremath, sister of group patriarch Baba Kalyani, has reportedly accused Gaurishankar Kalyani\ of siphoning assets from the family's HUF structure. Mazagon Dock Shipbuilde₹share price: The company's board has approved the acquisition of a controlling stake in Colombo Dockyard PLC, a Sri Lanka-based shipbuilding firm, for $52.96 million (₹452 crore), marking Mazagon's overseas expansion in maritime infrastructure. Asian Paints share price: Following JSW Paints' acquisition of Akzo Nobel India, Asian Paints has acquired the remaining 40 per cent equity stake in Obgenix Software Private Limited, the owner of 'White Teak', for a cash consideration of ₹188 crore.
Mint
2 hours ago
- Mint
Australian shares head for sixth straight half-yearly rise
June 30 (Reuters) - Australian shares were headed for their sixth straight half-yearly rise on Monday, driven by easing geopolitical and trade tensions and hopes of rate cuts by the local central bank. The S&P/ASX 200 index rose 0.2% to 8,530.60 points by 0023 GMT. The benchmark was on track to rise 4.5% for the first half of 2025. Domestic equities recouped from a trough hit in early April as easing U.S.-China trade tensions and an Israel-Iran ceasefire boosted risk appetite. Gold stocks were poised to soar more than 35% in the first six months of 2025, in what could be its best half-year since 2016's first half, as geopolitical tensions and tariff worries drove safe-haven demand. However, the sub-index fell 1% on the day as bullion prices eased. Energy stocks, which fell 0.7%, were highly volatile in the half-year as the Israel-Iran conflict fuelled oil supply concerns. The sub-index was largely unchanged for the half year. Meanwhile, miners retreated 1.3% after surging more than 2% on Friday. Further leading the benchmark higher were prospects of rate cuts by the Reserve Bank of Australia (RBA) as domestic inflation eased. Swaps implied a 92% probability that the RBA would cut rates by a quarter-point at its upcoming policy meeting on July 8. Local investors awaited the retail sales data for May due on Wednesday for further clues into rate cuts. Financials rose 0.7%, with the "Big Four" gaining between 0.3% and 0.8%. The sub-index was on track to jump more than 10% for the half-year. In company news, Star Entertainment said it received a notice from Hong Kong's Far East Consortium International and Chow Tai Fook Enterprises to terminate the deal to sell its 50% stake in its Queen's Wharf project in Brisbane. However, shares rose 1.7%. New Zealand's benchmark S&P/NZX 50 index was largely unchanged at 12,580.56 and was set for its worst half-year since the first half of 2022. (Reporting by John Biju in Bengaluru; Editing by Sumana Nandy)
&w=3840&q=100)
Business Standard
3 hours ago
- Business Standard
Asia shares rise as tech rally lifts Wall Street, US jobs test looms large
Asia shares firmed on Monday as seemingly unquenchable demand for technology companies lifted S&P 500 futures to another all-time peak, while the dollar dipped on concerns US jobs data will show enough weakness to justify larger rate cuts. Investors were also keeping a wary eye on the progress of a huge US tax-cutting and spending bill slowly making its way through the Senate, with signs it may not make it by President Donald Trump's preferred July 4 deadline. The Congressional Budget Office estimated the bill would add $3.3 trillion to the nation's debt, testing foreign appetite for US Treasuries. There was no doubting the demand for the US tech sector and megacap growth stocks including Nvidia, Alphabet and Amazon. Nasdaq futures rose another 0.3 per cent, while S&P 500 e-minis added 0.2 per cent. The bullish sentiment spilled over into Japan's Nikkei which rose 1.0 per cent, while South Korean stocks gained 0.5 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.1 per cent. A holiday on Friday means US payrolls are a day early, with analysts forecasting a rise of 110,000 in June with the jobless rate ticking up to 4.3 per cent. The resilience of the labour market is a major reason the majority of Federal Reserve members say they can afford to wait on cutting rates until they can gauge the true impact of tariffs on inflation, so a weak report would stoke speculation of a rate cut in July rather than September. "While initial jobless claims retreated somewhat from their recent high, continuing claims jumped higher yet again," noted Michael Feroli, head of US economics at JPMorgan. "Consumers' assessment of labor market conditions also deteriorated in the latest confidence report." "Both of these developments suggest that the unemployment rate in June should tick up to 4.3 per cent, with a significant risk of reaching 4.4 per cent." The latter outcome would likely see futures push up the chance of a July easing from the current 18 per cent and price in more than the present 63 basis points of cuts for this year. DOLLAR DOLDRUMS Fed Chair Jerome Powell will have an opportunity to repeat his cautious outlook when he joins several other central bank chiefs at the European Central Bank forum in Sintra on Tuesday. The prospect of an eventual policy easing has helped Treasuries weather worries about the US budget deficit and the huge amount of borrowing it entails. Yields on 10-year Treasuries were steady at 3.27 per cent, having fallen 9 basis points last week. The dollar has not fared so well, in part due to concerns tariffs and chaotic policies from the White House will drag on economic growth and erode the country's claim to exceptionalism. The euro was near its highest since September 2021 at $1.1731, having climbed 1.7 per cent last week, while sterling stood near a similar peak at $1.3719. The dollar was down a fraction at 144.48 yen, after losing 1 per cent last week, while the dollar index dipped to 97.163. James Reilly, a senior markets economist at Capital Economics, noted the dollar had fallen by more at this stage in the year than in any previous year since the US moved to a free-floating exchange rate in 1973. "At this point, further weakness could become self-reinforcing as underhedged European/Asian portfolios chase the move," he added. "So, we suspect that this could be a pivotal period for the greenback - either it turns around here or there is another 5 per cent or so fall around the corner." In commodity markets, the general revival in risk sentiment has undermined gold, which slipped to $3,266 an ounce and further away from April's record top of $3,500. [GOL/] Oil prices continued to struggle on concerns about plans for increased output from OPEC+, which contributed to a 12 per cent slide last week. [O/R] Brent dropped a further 55 cents to $67.22 a barrel, while US crude eased 68 cents to $64.84 per barrel.
