Page 5 - Pnb Housing Finance

Housing Finance stocks slide; PNB Housing hits fresh all-time low

In the past two months, LIC Housing Finance (down 27 per cent) and PNB Housing Finance (down 19 per cent) have underperformed the market

PNB Housing Finance raises Rs 522 cr via ECB from Sumitomo Mitsui Banking

The ECB is under the Reserve Bank of India's automatic route of approval and the proceeds will be used by the company as per the applicable RBI guidelines, the company said in a release

PNB Housing Finance raises Rs 690 crore from IFC through ECB route

This is the maiden fundraising via the ECB route in 2019-20 by PNB Housing Finance. The company further said that other ECB proposals are in the pipeline

PNB Housing Finance raises $100 mn from IFC for affordable housing projects

PNB Housing Finance Managing Director Sanjaya Gupta said this is the first ECB disbursement during the current financial year under the RBI automatic route

PNB Housing Finance reports net profit of Rs 379.7 cr in Q4FY19; up 51%

PNB will raise Rs 10,000 crore via NCDs and upto $1 billion by ECB route

PNB Housing to raise $1 bn from foreign mkts in one or more tranches

The housing finance arm of the Punjab National Bank will announce the fourth quarter results on May 9

PNB Housing Finance reports 32% rise in Q3 net profit to Rs 303 cr

Net interest margin increased to 3.06%, as against 3.02% for the third quarter of the previous fiscal

Carlyle seeks to double holding in PNB Housing, gain controlling stake

Carlyle is considering expanding its 32.4% holding after valuations for the housing finance company turned attractive

Carlyle group exits joint stake sale with PNB in PNB Housing Finance

A communication regarding this independent stake sale has been sent by PNB to the board of directors of PNBHFL

PNB Housing Finance obtains refinance sanction of Rs 35 billion from NHB

The company had also raised a total of Rs 42.25 billion through commercial papers (CP) last month

PNB Housing Finance gains for 10th straight day; surges 41% from 52-wk low

The stock was up 5% to Rs 978, rallied 41% from its 52-week low of Rs 694 touched on October 26, 2018, on the BSE.

Sadbhav Engineering, PNB Housing, Motherson Sumi, 8K Miles hit 52-week low

Eveready Ind, Eros International Media, VA Tech Wabag, Suzlon Energy, Shakti Pumps and Rolta India were 73 stocks from the S&P BSE 500 and S&P BSE Smallcap index hitting 52-week lows today.

PNB Housing: Margins will continue to be under pressure even in medium term

PNB Housing's managing director Sanjaya Gupta believes that new business will give it better yields and limit the pressure on spreads

Punjab National Bank appoints i-bankers for stake sale in housing arm

CEO Mehta said the bank will go to the market to offload the stake in the housing finance subsidiary at the right time

PNB Housing rises 6% as PNB, Carlyle Group plan to offload 51% stake

The stock was up by 6% at Rs 1,269 on Wednesday in intra-day trade, extending its 2% gain in the previous day on the BSE.

PNB Housing Finance hits 52-week low of Rs 1,051

The stock hit 52-week low of Rs 1,051, falling 26% since May 2, as compared to 1% rise in the S&P BSE Sensex.

PNB Housing Finance falls 7% after huge block deals

The stock dipped 7% to Rs 1,271 on the BSE in intra-day trade after a more than 14 million shares of housing finance company changed hands through multiple block deals.

PNB Housing Finance net profit rises 36% to Rs 2.2 billion

PNB Housing's net profit increased 58 per cent to Rs 8.3 billion at the end of 2017-18 from Rs 5.23 billion at the end of 2016-17

PNB Housing Finance plans to raise $400 million via masala bonds

Although PNB has sizeable stake in PNB Housing, sources said, both operate as separate entities

PNB Housing Finance to raise $400 million through issue of masala bonds

The money will be utilised to finance retail buyers/developers of affordable housing as well as developers of green buildings