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PNB Housing Finance terminates deal with Carlyle on lack of visibility on legal issues

PNB Housing Finance terminates deal with Carlyle on lack of visibility on legal issues

🕔06:51, 15.Oct 2021

New Delhi, Oct 15 (IANS) PNB Housing Finance has terminated the Rs 4,000 crore deal with US-based Carlyle group for a preferential allotment. “The Board’s primary objective is to raise capital to support the growth of the Company, and the Board

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SAT allows shareholder voting on PNB Housing’s preferential issue

SAT allows shareholder voting on PNB Housing’s preferential issue

🕔08:38, 22.Jun 2021

Mumbai, June 22  In a relief for PNB Housing Finance, the Securities Appellate Tribunal (SAT) has allowed voting by its shareholders on the proposed preferential issue worth Rs 4,000 crore to entities led by The Carlyle Group Inc. The extra-ordinary

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PNB Housing moves SAT against SEBI’s halting of preferential issue

PNB Housing moves SAT against SEBI’s halting of preferential issue

🕔18:28, 21.Jun 2021

Mumbai, June 21  PNB Housing Finance has filed an appeal before the Securities Appellate Tribunal (SAT) against the SEBI directive to halt the company’s proposed preferential issue of shares worth Rs 4,000 crore. In a letter date June 18, the

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PNB Housing to raise Rs 4,000 cr from entities affiliated to Carlyle

PNB Housing to raise Rs 4,000 cr from entities affiliated to Carlyle

🕔15:48, 31.May 2021

Mumbai, May 31  PNB Housing Finance Ltd on Monday announced that its board has approved a capital raise of up to Rs 4,000 crore, led by entities affiliated to The Carlyle Group Inc. Pluto Investments S.a.r.l., an affiliated entity of

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PNB Housing Finance tie up with Yes Bank for co-lending

PNB Housing Finance tie up with Yes Bank for co-lending

🕔17:39, 5.Mar 2021

Mumbai, March 5  PNB Housing Finance and Yes Bank on Friday said that they have entered into a strategic co-lending agreement to offer retail loans to home-buyers at competitive interest rates. A PNB Housing statement said that both the financial

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PNB not to take part in housing finance arm’s planned fund raise

PNB not to take part in housing finance arm’s planned fund raise

🕔07:40, 22.Feb 2021

Mumbai, Feb 22  Punjab National Bank will not take part in the capital raising plans of PNB Housing Finance. Last August, the Board of PNB Housing Finance approved raising Rs 1,800 crore of equity capital through preferential issue or rights

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PNB to infuse Rs 600 cr in PNB Housing Finance

PNB to infuse Rs 600 cr in PNB Housing Finance

🕔17:35, 31.Jul 2020

Mumbai, July 31  Punjab National Bank (PNB) will invest Rs 600 crore in PNB Housing Finance through preferential issue or rights issue among other options. In a regulatory filing on Friday, the bank said that it will infuse the amount

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CARE downgrades bank borrowings, NCDs of PNB Housing

CARE downgrades bank borrowings, NCDs of PNB Housing

🕔17:40, 5.Jul 2020

Mumbai, July 5  CARE Ratings has downgraded the credit rating of PNB Housing Finance’s bank borrowings, non-convertible debentures, and fixed deposits to ‘CARE AA’ from ‘CARE AA+’. The rating agency has also revised its outlook to stable from negative. In

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PNB Housing Finance Q4 consolidated net loss at Rs 242.1 cr

PNB Housing Finance Q4 consolidated net loss at Rs 242.1 cr

🕔09:53, 14.Jun 2020

Mumbai, June 14  PNB Housing Finance on Saturday reported a consolidated net loss of Rs 242.1 crore for the fourth quarter of 2020-21, due to higher provisions for Covid-19 among others factors. The company had reported a net profit of

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Union Bank, PNB Housing Finance announce rate cuts

Union Bank, PNB Housing Finance announce rate cuts

🕔07:00, 9.May 2020

New Delhi, May 9 In a relief for the common man, banks and NBFCs have off late announced rate cuts, with Union Bank of India and PNB Housing Finance Ltd joining the fray on Friday. The Union Bank of India has

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PNB Housing Fin to raise $75mn from JICA to finance mortgage loans

PNB Housing Fin to raise $75mn from JICA to finance mortgage loans

🕔07:05, 7.Apr 2020

New Delhi, April 7  PNB Housing Finance Ltd will raise $75 million from the Japan International Cooperation Agency (JICA), with co-financing of $25 million by Citibank (Citi) for the purpose of providing affordable housing to low income households in India

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PNB Housing Finance raises Rs 2,500 cr via NCD issue to LIC

PNB Housing Finance raises Rs 2,500 cr via NCD issue to LIC

🕔13:23, 8.Nov 2019

Mumbai, Nov 8  Housing finance company PNB Housing Finance has raised Rs 2,500 crore through the issue of secured redeemable non-convertible debentures (NCDs) to state-run LIC. The issuance was done on a private placement basis with a “door to door

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PNB to remain PNB Housing Finance’s sole promoter

PNB to remain PNB Housing Finance’s sole promoter

🕔06:32, 17.May 2019

Mumbai, May 17  Lending major Punjab National Bank (PNB) will remain as the sole promoter of PNB Housing Finance (PNBHF), after stake sale agreements with Varde Holdings and General Atlantic Group were terminated. Earlier PNB had entered into an agreement

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PNB Housing Finance’s Q4 consolidated net profit up 51%

PNB Housing Finance’s Q4 consolidated net profit up 51%

🕔07:33, 10.May 2019

Mumbai, May 10  PNB Housing Finance on Thursday reported a 51 per cent rise in its consolidated net profit for the fourth quarter of 2018-19. According to the housing finance firm, its net profit during the quarter under review rose

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PNB to sell stake in housing finance arm

PNB to sell stake in housing finance arm

🕔14:28, 29.Mar 2019

New Delhi, March 29 State-run Punjab National Bank (PNB) on Friday said it will sell part of its stake in PNB Housing Finance (PNBHFL) to global equity firms General Atlantic Group and Varde Partners for a total of Rs 1,851.60 crore.

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PNB Housing Finance posts 32% net profit in Q3

PNB Housing Finance posts 32% net profit in Q3

🕔07:11, 25.Jan 2019

Mumbai, Jan 25  PNB Housing Finance on Thursday reported a 32 per cent increase in its consolidated net profit for the October-December quarter of 2018-19, on a year-on-year basis. Its net profit stood at Rs 302.97 crore, up from Rs

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PNB Housing Finance’s Q4 net profit rises 44%

PNB Housing Finance’s Q4 net profit rises 44%

🕔11:02, 4.May 2018

Mumbai, May 4  Housing finance company PNB Housing Finance on Thursday reported a rise of 44 per cent in its net profit for the quarter ended March 31, 2018. According to the company, the net profit during the quarter under

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PNB to sell 6% stake in PNB Housing Finance

PNB to sell 6% stake in PNB Housing Finance

🕔08:10, 28.Nov 2017

Mumbai, Nov 27 (IANS) Punjab National Bank on Monday said it will off-load up to six per cent of its stake in PNB Housing Finance. According to a BSE filing, the state-run bank plans to sell up to 99,94,000 equity shares.

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