InvestorQ : Is PNB again trying to raise funds, after failing to do so last time?
vaishnavi mhatre made post

Is PNB again trying to raise funds, after failing to do so last time?

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vidhya Laxmi answered.
2 months ago
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PNB Housing Finance is back in the market to raise funds after the failed bid to place shares with Carlyle last year. The board approved raising Rs.2,500 crore via equity on rights basis. The issue price, rights entitlement ratio and record date are yet to be finalized. The stock of PNB Housing Finance closed higher at Rs.418, but has fallen sharply from the dizzy heights when Carlyle was to take over.

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