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PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth

The fund will be raised in tranches over the next six months, it said

PNB Housing Finance Ltd

1 min read Last Updated : Nov 24 2023 | 7:51 PM IST

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PNB Housing Finance on Friday said its board has approved a proposal to raise Rs 3,500 crore via non-convertible debentures (NCDs) to fund business growth.

The NCD will be raised on a private placement basis, PNB Housing Finance said in a regulatory filing.

The fund will be raised in tranches over the next six months, it said.

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