Raising Upto ₹2,500 cr via rights issue : approved by the board of PNB Housing Finance

Mar 09, 2022 06:07 pm

The board of PNB Housing Finance Ltd. has approved raising ₹2,500 crore by way of issue of equity shares on rights issue basis, as per the exchange filing.

The detailed terms in relation to the rights issue, including but not limiting to the issue price, rights entitlement ratio, record date, timing and terms of payment will be determined and made public in due course, the company said.

Earlier, PNB Housing Finance has decided to terminate the ₹4,000 crore stake sale to a clutch of investors led by Carlyle Group, in the wake of delays caused by pending legal proceedings.