PNB Housing Finance on Thursday said it will seek shareholders’ approval next month to raise Rs 12,000 crore in debt capital.
The housing finance company promoted by the city-headquartered state-owned lender Punjab National Bank (PNB) is scheduled to convene its annual general meeting (AGM) next month on July 26.
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“Shareholders’ approval is being sought in the 34th AGM to borrow funds and issue of non-convertible debentures (NCDs) on a private placement basis aggregating to Rs 12,000 crore in one or more tranches,” PNB Housing Finance said in a regulatory filing.
Shares of the company traded 0.33 per cent up at Rs 333.20 apiece on BSE.