Latest Markets Business BEEPS Earnings Personal Finance

PNB Housing Finance Mulls Raising Up To Rs 5,000 Crore Via NCDs

Non-convertible debentures are fixed-income instrument that provides structured returns to investors.

Khushi Maheshwari

PNB Housing Finance considers raising funds through NCDs. (Photo: Envato)

Quick Read
Summary is AI Generated. Newsroom Reviewed

  • PNB Housing Finance board will meet on Sept 5 to consider raising Rs 5,000 crore via NCDs
  • The proposed non-convertible debentures may be issued with or without a green-shoe option
  • NCDs are unsecured fixed-income instruments evaluated based on the issuer's creditworthiness
Did our AI Summary help ?  Let us know

PNB Housing Finance Ltd.'s board of directors will meet on Sept. 5 to consider raising funds up to Rs 5,000 crore via non-convertible debentures, according to an exchange filing on Friday.

The NCDs are proposed to be raised with or without a green-shoe option on a private placement basis in one or more tranches, it added.

An NCD is a fixed-income instrument that provides structured returns to investors. As NCDs are unsecured and not backed by assets, the market participants evaluate the issuing company's creditworthy and debt-servicing capacity before allotment.

Towards the end of last month, Managing Director and Chief Executive Officer Girish Kousgi resigned. The resignation will come into effect from Oct. 28, the housing financier informed exchanges.

Shares of PNB Housing Finance settled 1.75% lower at Rs 767.05 apiece on the National Stock Exchange before the announcement, compared to a 0.3% decline in the benchmark Nifty. The share price has fallen 14.14% on a year-to-date basis and 20.76 in the last 12 months.

Also Read: PNB Housing Finance CEO Girish Kousgi Quits With Effect From Oct. 28

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
WRITTEN BY
Khushi Maheshwari
Khushi hails from Aligarh and is a desk writer at NDTV Profit after passing... more
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google
Beeps Img

Xiaomi’s Sedan Crushed Tesla’s Model 3 In China; Now Its SUV Is Gunning For Model Y

  • chevron-double-right Xiaomi received 240,000 orders for the YU7 SUV within 18 hours of launch in China
  • chevron-double-right The YU7 SUV is priced at 253,500 yuan, 4% cheaper than Tesla’s Model Y at 263,500 yuan
  • chevron-double-right Xiaomi’s YU7 offers a driving range of 835 km, exceeding Model Y’s 719 km range
More Beeps chevron-right

RECOMMENDED FOR YOU

PNB Housing Finance: CEO Resignation Abrupt, But Franchise Fundamentals Intact— Motilal Oswal Maintains 'Buy'
timelogo Aug 05, 2025
Bank On Track To Book Rs 16,000 Crore-Plus Profit In FY26, Says PNB MD
timelogo Aug 04, 2025
PNB Poised To Touch Landmark Rs 30 Lakh Crore Total Business By FY26 End, Says MD
timelogo Aug 03, 2025
PNB Targets Recoveries Worth Rs 16,000 Crore In FY26
timelogo Aug 01, 2025

POPULAR

1
CAFA Nations Cup: India Beat Tajikistan 2–1 As Gurpreet Singh Sandhu Stands Tall
2
Tariffs, Alliances And Diplomacy: Navigating India's Economic Crossroads | Talking Point This Week
3
Xiaomi’s Sedan Crushed Tesla’s Model 3 In China; Now Its SUV Is Gunning For Model Y
4
Cognizant To Deploy 1,000 Context Engineers To Industrialise Agentic AI
5
President Putin Will Travel To India In December: Kremlin Aide