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PNB Housing Finance proposes to raise funds up to Rs.10,000 crore by issuing bonds through public issue.
PNB Housing Finance is promoted by Punjab National Bank, which holds 32.96% stake in it and the remaining 67.04% is owned by institutional investors, including mutual funds, venture capital funds, foreign portfolio investors; financial institutions and banks; individuals and foreign companies.
Furthermore, the company’s board of directors in a meeting approved the proposal of raising funds by way of public issue of secured and/or unsecured non-convertible debentures for an amount up to Rs 10,000 crore. The funds will be raised in one or more tranches.
