PNB Housing Finance to Raise Funds via Issuance of NCDs
PNB Housing Finance announced that the company plans to raise capital to the tune of ?5,000 crore via issuance of non-convertible debentures (NCDs) on a private placement basis. “The company's board of directors are is scheduled to be held on June 22, 2023 inter alia to consider and approve issuance of Non – Convertible Debentures aggregating up to INR 5,000 Crore (Rupees Five Thousand Crore Only) on Private Placement Basis," said PNB Housing Finance in its regulatory filing. PNB Housing Finance announced its Q4FY23 results, reporting a consolidated net profit of ?279 crore, registering a growth of 64.7 per cent, compared to ?170 crore in the corresponding period last year. The company's net-interest income for the January-March quarter came in at ?627 crore, posting a rise of 27 per cent, compared to ?494.7 crore in the year-ago period. Revenue from operations for Q4FY23 came in at ?1,635.71 crore, registering a growth of 14.71 per cent, compared to ?1,425.83 crore in the same period last year. The disbursements during FY23 grew by 33 per cent year-on-year to ?14,965 crore. For Q4 FY23 stood at ?4,495 crore registering an increase of 22 per cent year-on-year, according to a regulatory filing by the company to the stock exchanges.
Tags : PNB Housing Finance announced company plans raise capital non-convertible debentures Board of Directors Private Placement Basis revenue growth