PNB Housing Finance to raise up to Rs 4,000 cr from Carlyle Group entities, others
Both QIH and Pluto belong to the group of entities doing business globally as 'The Carlyle Group'.
Both QIH and Pluto belong to the group of entities doing business globally as 'The Carlyle Group'.
PNB Housing and YES BANK will synergise capabilities to provide an efficient and seamless experience to existing and new retail home loan customers.
PNB’s decision not participating in the capital raising plan comes after the Reserve Bank of India did not give a green signal to the lender’s application to infuse quiet in PNBHFL.
The chairman in his interaction with Panse had requested her to continue on the board of PNB Housing given her contribution.
The company said it disbursed Rs 2,444 crore in Q2 FY21 as compared to Rs 4,969 crore in the year-ago period and Rs 694 crore in the preceding quarter ended June 2020.
PNB on Wednesday said it has raised Rs 994 crore by issuing Basel III compliant bonds on private placement basis.
Of this, the mandatory borrowing to be done through issuance of debt securities (25 per cent of incremental borrowing) was Rs 5,467.50 crore.
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.
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.
Punjab National Bank on Monday said it will off-load up to six per cent of its stake in PNB Housing…
