PNB Housing Finance closes rights issue worth Rs 2,493.76 crore, ET RealEstate

June 24, 2023

NEW DELHI: PNB Housing Finance has achieved closure of its rights issue of up to Rs 2,493.76 crore. It was subscribed approximately 1.21 times, the company said in a BSE filing.

Girish Kousgi, managing director & chief executive officer of the company said, “The capital raise will further strengthen our balance sheet and act as a catalyst for growth.”

The rights issue closed on April 27, 2023 and the allotment of rights equity shares will happen on or about May 4, 2023. The rights equity shares are expected to be listed on the BSE and NSE on or around May 11, 2023.

Axis Capital, BNP Paribas, BoFA Securities India and J.P. Morgan India are acting as the lead managers to the rights issue.

  • Published On Apr 29, 2023 at 09:28 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App

Source link

Abhay Singh

Web Developer

Leave a Comment