PNB Housing Finance, which had closed yesterday at Rs.686.25, went on to touch the 5% UC at Rs.720.55, and is now trading around the same levels. Its 52-week high is at Rs.924.
The stock is up after the parent company, PNB asked it to consider restructuring the proposed Rs.4000 crore capital infusion deal led by Carlyle group.
The company said that it will await the SAT’s order on this issue. The SAT meeting is scheduled for July 12, 2021.