PNB Housing in news

about 1 year ago
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PNB Housing Finance has been among the top five gainers on the BSE since the opening bell today. The stock, which had closed on Friday at Rs.402.90, opened at Rs.409 and rose to an intraday high at Rs.433. Volumes are up three times.

The stock price is up after the Board of the company said they will meet on the 9th of March to decide on raising capital, including through a rights issue.

The company had earlier tried unsuccessfully tried to raise Rs.4000 crore be selling stake to Carlyle Group last year. It had to abandon the plans after facing regulatory and legal hurdles.

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