PNB Housing Finance closes rights issue worth Rs 2,493.76 crore

PNB Housing Finance Closes Rights Issue Worth Rs 2493.76 Crore

PNB Housing Finance has achieved closure of its rights issue of up to Rs 2,493.7 crore. It was subscribed approximately 1.21 times, the company said in a BSE filing.

Girish Kousgi, managing director & chief executive officer of the company said, “The capital raise will further strengthen our balance sheet and act as a catalyst for growth.”

The rights issue closed on April 27, 2023, and the allotment of rights equity shares will happen on or about May 4, 2023. The rights equity shares are expected to be listed on the BSE and NSE on or around May 11, 2023.