PNB Housing Finance

PNB Housing Finance to consider raising up to $1 bn

PNB Housing had said that its current capitalisation level was adequate. The company also said it was planning to raise capital to achieve its target growth and would soon present the proposal to the board. The PNB Housing Finance stock was trading 3.76 per cent down at Rs 681.50 during afternoon on Thursday on the BSE.

PNB Housing Finance raises USD 200 mn via ECB

This year, the Reserve Bank of India has allowed housing finance companies to borrow through ECB up to USD 750 million annually under the automatic route, the company said in a statement.