In a regulatory filing, PNB Housing Finance said that the board of directors are scheduled to meet on November 24 to consider and approve the issuance of NCDs up to Rs 3,500 crore on a private placement basis, in tranches over the next six months.
As of 9.20 am, shares of the housing financer were trading at Rs 779.9, higher/lower by 0.49 percent on the NSE.
As per MD and CEO Girish Kousgi, the company should reach the Rs 1,000 crore mark by the end of the third quarter. As of September, the company recorded a book close of Rs 750 crore, but this quarter, it is expected to touch Rs 1,000 crore and by March 2024, the business is likely to clock in at Rs 2,000 crore.. The ratio between prime retail lending and affordable housing will be maintained at 60:40. The corporate book will remain under 10 percent.
The number of FII investors increased from 128 to 133 in September quarter, subsequently increasing holdings to 24.81 percent. DIIs held 7.7 percent, while the public owned 39.3 percent in the firm.
