PNB Housing Finance To Raise Rs 10,000 Crore Through NCDs

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)