PNB Housing to raise $1 billion from foreign markets in one or more tranches
NEW DELHI: PNB Housing Finance on Thursday said it will raise up to USD 1 billion (around Rs 6,954 crore) from foreign markets, and additional Rs 10,000 crore by issuing bonds. The board meeting scheduled for May 9 will consider approval of “fund raising by way of external commercial borrowings up to USD 1 billion […]
PNB to sell stake in PNB Housing to General Atlantic, Varde Partners for Rs 1,851 crore
NEW DELHI: State-run Punjab National Bank (PNB) on Friday said it will sell its partial stake in PNB Housing Finance to global private equity firm General Atlantic Group and alternative investment firm Varde Partners for Rs 1,851.6 crore. PNB has entered into agreements in relation to the said transactions Friday, the public sector bank said […]