PNB Housing Finance Ltd., said that its board has given approval for raising Rs 10,000 crore from non-convertible debentures to fund its business growth on Tuesday.
The fund would be raised through NCDs on a private placement basis, in one or more tranches, PNB said in regulatory filing.
The mortgage firm aims to grow its loan book by 17% with focus on the affordable segment.
PNB Housing closed the fiscal FY'24 with a loan book of Rs 63,000 crore.
(Inputs From PTI)
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