Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
PNB Housing Finance Limited ( (IN:PNBHOUSING) ) has issued an update.
PNB Housing Finance Limited has announced the allotment of Non-Convertible Debentures (NCDs) worth Rs. 245 Crore through a private placement. These NCDs are listed, secured, rated, taxable, and redeemable, with a tenure of 2 years and 6 months, and a coupon rate of 7.28%. This strategic move is expected to strengthen the company’s financial position and enhance its ability to meet future funding requirements, thereby positively impacting its operations and market standing.
More about PNB Housing Finance Limited
PNB Housing Finance Limited operates in the financial services industry, primarily focusing on providing housing finance solutions. The company offers a range of products including home loans, loan against property, and construction finance, targeting both individual and corporate customers.
Average Trading Volume: 59,265
Technical Sentiment Signal: Buy
Current Market Cap: 229.9B INR
For a thorough assessment of PNBHOUSING stock, go to TipRanks’ Stock Analysis page.