Business Standard

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

PNB Housing Finance Ltd

Press Trust of India New Delhi

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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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Nov 24 2023 | 7:51 PM IST

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