PNB Housing Finance, an arm of state-owned Punjab National Bank (PNB), has received capital markets regulator Sebi’s go ahead to raise up to ~2,500 crore through rights issue of shares.
The housing finance firm, which had filed draft papers with Sebi in December 2022 regarding the rights issue, obtained its ‘observations’ on March 6, an update with the markets regulator showed on Monday. Going by the draft papers, PNB Housing will issue fully paid-up equity shares of the company by way of a rights issue to its existing shareholders for an amount not exceeding ~2,500 crore.
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