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PNB Housing Finance to raise up to Rs 4,000 cr from Carlyle Group entities, others

Why PNB Housing Finance share hit upper circuit today

Why PNB Housing Finance share hit upper circuit today PNB Housing Finance share touched an intraday high of Rs 525.2, rising 19.99%. It closed at the same level on BSE. Market cap of the firm rose to Rs 8,837 crore on BSE BusinessToday.In | May 31, 2021 | Updated 17:20 IST Market cap of the firm rose to Rs 8,837 crore on BSE. PNB Housing stock stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. PNB Housing Finance share ended 20% higher today after the firm s board approved a proposal to raise up to Rs 4,000 crore by issuing equity shares and convertible warrants to entities led by PE firm Carlyle Group and Aditya Puri s Salisbury Investments.

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