Read more about This housing finance company s stock has zoomed over 100% in 6 days on Business Standard. The stock of PNB Housing Finance has zoomed 101 per cent post its announcement that its board approved a capital raise of up to Rs 4,000 crore, led by entities affiliated to Carlyle Group
Shares of PNB Housing Finance were locked in the upper circuit of 20 per cent for the second straight day, hitting a fresh 52-week high of Rs 630.20 on the BSE in Tuesday s trade after the company on Monday said the private equity firm Carlyle Group and associates will acquire stake by investing in the Rs 4,000 crore preferential issue of equity and warrants of the company. Pluto Investments, an affiliate of Carlyle Asia Partners, will invest up to Rs 3,185 crore through a preferential allotment of equity shares and convertible warrants at Rs 390 per share, for a 30.2 per cent in PNB Housing Finance’s expanded capital.
ICICI Securities has buy call on
PNB Housing Finance with a target price of Rs 678. The current market price of PNB Housing Finance Ltd. is Rs 630.2. Time period given by analyst is one year when PNB Housing Finance Ltd. price can reach defined target.
PNB Housing Finance Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 8845.01 Crore) operating in NBFC sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1833.90 Crore, down -3.29 % from last quarter Total Income of Rs 1896.35 Crore and down -6.04 % from last year same quarter Total Income of Rs 1951.84 Crore. Company reported net profit after tax of Rs 127.03 Crore in latest quarter.
PNB Housing Finance has announced a fundraise of ₹4,000 crore. The fundraising will be led by The Carlyle Group and former HDFC Bank CEO Aditya Puri. Shares
Read more about PNB Housing Fin zooms 20% on board nod to raise Rs 4,000 crore on Business Standard. Carlyle has agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share