- Carlyle eyes $1 billion raise via auto, healthcare IPOs
Private equity giant Carlyle is gearing up for significant IPOs in India, planning a $500 million listing ...More
Private equity giant Carlyle is gearing up for significant IPOs in India, planning a $500 million listing for its automotive platform, Highway Roop Precision Technologies, valued at an estimated $2 billion. Concurrently, its healthcare RCM platform is also set for a $400-500 million offering. These major moves are anticipated by mid-2027, signaling substantial growth for Carlyle's Indian ventures. ...Less

- Sunil Singhania-backed Abakkus Small Cap Fund adds 3 new stocks, increases stake in HDFC Bank, SBI and 49 others
Sunil Singhania's Abakkus Small Cap Fund added three new stocks in May, including Tanla Platforms and Int ...More
Sunil Singhania's Abakkus Small Cap Fund added three new stocks in May, including Tanla Platforms and Intellect Design Arena. The fund also increased its holdings in HDFC Bank, State Bank of India, and 49 other stocks, notably Equitas Small Finance Bank and Edelweiss Financial Services. No complete exits were made, and exposure remained unchanged in eight Vedanta group stocks. ...Less

- Buy, Sell or Hold: Morgan Stanley maintains underweight on Wipro; HDFC Securities upgrades Stylam Industries
Brokerages remain selective on Indian equities, with Morgan Stanley maintaining an underweight stance on ...More
Brokerages remain selective on Indian equities, with Morgan Stanley maintaining an underweight stance on Wipro due to growth concerns. HDFC Securities upgraded Stylam Industries citing improved governance and growth visibility, while Motilal Oswal reiterated a buy on PNB Housing Finance, driven by strong fundamentals and expansion in higher-yield segments. ...Less

- Broader markets crash! Physicswallah, Coforge, other small & midcap stocks tumble up to 6%. Do you own?
Indian smallcap and midcap stocks plummeted on Wednesday due to persistent FII selling, a weakening rupee ...More
Indian smallcap and midcap stocks plummeted on Wednesday due to persistent FII selling, a weakening rupee, and global factors. IT stocks, which had surged previously, saw a sharp selloff, with major players like TCS and Infosys dropping significantly. Analysts point to energy shocks and current account deficit concerns impacting market sentiment. ...Less

- Aadhar Housing Finance aims to cross Rs 50,000-cr AUM milestone by FY29
Aadhar Housing Finance aims to boost its asset under management to Rs 50,000 crore by FY29, projecting an ...More
Aadhar Housing Finance aims to boost its asset under management to Rs 50,000 crore by FY29, projecting an 18-20% loan growth annually. The company, focused on the low-income segment with loan ticket sizes under Rs 15 lakh, reported a net profit of Rs 1,108 crore in FY26. This growth is supported by favorable demographics, formalization, and government schemes like PMAY. ...Less

- Bernstein says Aadhar Housing, Home First, other housing stocks can rally up to 34%. Here are 3 reasons why
Bernstein sees a significant rally potential of up to 34% in affordable housing finance stocks like Home ...More
Bernstein sees a significant rally potential of up to 34% in affordable housing finance stocks like Home First Finance and Aptus Value Housing. Favorable trends, improving business momentum, and stable operating conditions are driving this optimism. Despite attractive valuations, the sector benefits from low mortgage penetration and a strong competitive moat. ...Less

- Pharma, NBFCs see fresh mutual fund buying in April
Indian fund managers focused on defensive stocks in April. Pharmaceuticals saw increased investment due t ...More
Indian fund managers focused on defensive stocks in April. Pharmaceuticals saw increased investment due to opportunities like the semaglutide patent expiry. NBFCs and asset management companies also received attention. PNB Housing Finance was added as funds shifted towards retail lending. This strategy reflects concerns over oil prices and West Asian geopolitical tensions. ...Less

- Mayuresh Joshi's top picks: Chemicals the dark horse, underweight on IT
Indian markets delivered strong earnings, but opportunities vary. Autos show stable demand with input cos ...More
Indian markets delivered strong earnings, but opportunities vary. Autos show stable demand with input cost risks. Chemicals are a potential dark horse for the next 18 months. PNB Housing stands out in housing finance. IT services remain underweight due to AI infrastructure growth. Vedanta holders should wait for the commodity cycle to turn. ...Less

- PNB Housing Finance Q4 profit surges 19% to Rs 656 crore with strong retail growth
PNB Housing Finance reported a 19% rise in Q4 net profit to Rs 656 crore. FY26 profit grew 18% to Rs 2,29 ...More
PNB Housing Finance reported a 19% rise in Q4 net profit to Rs 656 crore. FY26 profit grew 18% to Rs 2,291 crore. The company proposed Rs 8 per share dividend while its assets under management expanded 13% to Rs 90,921 crore with strong retail loan growth. ...Less

- PNB Housing Finance gives 18-20% growth guidance in FY27
PNB Housing Finance has guided for 18–20% loan growth this fiscal, up from 15% in FY26, and expects no im ...More
PNB Housing Finance has guided for 18–20% loan growth this fiscal, up from 15% in FY26, and expects no impact on housing demand from the West Asia crisis. The lender targets a ₹1 lakh crore loan book by FY27, led by affordable and emerging segments, while margins are seen at 3.55–3.65%. ...Less

- Smallcaps & midcaps rally! Firstsource Solutions, Nuvama, Godfrey Phillips, other stocks jump up to 16%
Smallcap and midcap stocks outperformed benchmarks on Friday, with select names rallying up to 16% despit ...More
Smallcap and midcap stocks outperformed benchmarks on Friday, with select names rallying up to 16% despite broader market weakness. Gains were driven by earnings momentum and stock-specific triggers, even as geopolitical tensions and high oil prices kept overall sentiment cautious. Analysts continue to track volatility and broader market direction. ...Less

- PNB Housing Finance soars 10% post Q4 results: Why Morgan Stanley, other brokerages remain bullish
In a thrilling market reaction, PNB Housing Finance saw its stock surge by 10 percent in response to the ...More
In a thrilling market reaction, PNB Housing Finance saw its stock surge by 10 percent in response to the robust Q4 FY26 financial results. The company announced a stunning 19 percent increase in net profit compared to last year, prompting brokerages like Morgan Stanley and JM Financial to reaffirm their buy recommendations. ...Less

- PNB Housing Finance targets 18–20% loan growth, bets on affordable segment
PNB Housing Finance anticipates strong loan portfolio expansion of 18-20 percent this fiscal year. The co ...More
PNB Housing Finance anticipates strong loan portfolio expansion of 18-20 percent this fiscal year. The company aims to reach a significant loan book of one lakh crore rupees by FY27. This growth will be fueled by a strategic focus on affordable and emerging market segments. Recoveries from written-off loans are expected to maintain benign credit costs. ...Less

- Senior citizen FD interest rate hike: This NBFC is now offering up to 7.75% interest rate to senior citizens
Bajaj Finance has boosted interest rates on its 31-60 month fixed deposits to 7.40%, with senior citizens ...More
Bajaj Finance has boosted interest rates on its 31-60 month fixed deposits to 7.40%, with senior citizens now earning up to 7.75%. These revised rates are effective May 1, 2026. The 8th Pay Commission has also released schedules for upcoming meetings in Hyderabad, Srinagar, and Ladakh during May and June 2026 to gather stakeholder input on pay and pension matters. ...Less

- Stock selection key as mid & smallcaps offer alpha opportunities: Pankaj Murarka
Indian stock markets are set for new peaks by the end of this year. Experts see a broad economic recovery ...More
Indian stock markets are set for new peaks by the end of this year. Experts see a broad economic recovery, with financials leading the charge. Energy and consumption sectors are also expected to perform well. Investors should focus on individual stock selection, particularly in mid and small-cap segments. Long-term opportunities exist in the IT sector despite current transitions. ...Less

- PNB Housing shares surge 10% after General Atlantic likely offloads 5% stake
Shares of PNB Housing Finance jumped 10% to Rs 893.60 on the BSE after General Atlantic reportedly sold a ...More
Shares of PNB Housing Finance jumped 10% to Rs 893.60 on the BSE after General Atlantic reportedly sold a 5.4% stake via a pre-market block deal. According to IIFL Securities, General Atlantic intended to sell 1.33 crore shares at Rs 775 each to raise Rs 1,033 crore. ...Less

- PNB Housing Finance shares crash 17% after resignation of MD & CEO, Girish Kousgi
PNB Housing Finance's share price plummeted after Girish Kousgi, the MD & CEO, resigned to pursue other o ...More
PNB Housing Finance's share price plummeted after Girish Kousgi, the MD & CEO, resigned to pursue other opportunities, effective October 28, 2025. The company affirmed its commitment to growth and stability, initiating a search for a new leader. While shares dropped significantly intraday, they have shown positive growth over the past year and five years. ...Less

- Bullish on power, energy, and BFSI; cautious on IT amid weak earnings: Devarsh Vakil
HDFC Securities sees opportunity in India's recovering equity markets. The firm favors power and energy s ...More
HDFC Securities sees opportunity in India's recovering equity markets. The firm favors power and energy sectors, citing infrastructure growth. Financials, including banks and NBFCs, are also preferred. However, the IT sector faces an underweight stance due to uncertain earnings. Sun Pharma's growth strategy and Varun Beverages' expansion are noted positively. ...Less

- Buy PNB Housing Finance, target price Rs 1000: Motilal Oswal
PNB Housing Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income ...More
PNB Housing Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities and Income From Financial Services for the year ending 31-Mar-2023. ...Less

- General Atlantic set to sell up to 5.1% stake in PNB Housing via open market on Wednesday
General Atlantic plans to sell a 5.1% stake in PNB Housing Finance through the open market on Wednesday a ...More
General Atlantic plans to sell a 5.1% stake in PNB Housing Finance through the open market on Wednesday at a floor price of Rs 775 per share, intending to raise Rs 1,033 crore. This transaction is set at a 4.4% discount to Tuesday's closing price. ...Less

- Stock Radar: Breakout from descending channel trendline makes PNB Housing an attractive buy – check target price, stop loss
PNB Housing Finance Ltd. experienced a breakout from a descending channel trendline, signaling potential ...More
PNB Housing Finance Ltd. experienced a breakout from a descending channel trendline, signaling potential upward movement. Experts suggest short-term traders consider buying the stock with a target of Rs 1,100 within 1-2 months. The stock found support above the 100-week moving average, rallying significantly after bottoming out in Feb-March 2025. ...Less

- Buy PNB Housing, target price Rs 1,160: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying PNB Housing Finance with a target price of Rs 1,160. T ...More
Motilal Oswal Financial Services recommends buying PNB Housing Finance with a target price of Rs 1,160. The firm's market cap is Rs 22,002.19 crore. The company is expected to deliver substantial growth in the coming years. It is expected to overcome near-term challenges, leading to a rerating in valuation multiples as investor confidence grows. ...Less

- PNB Housing Finance looks to reduce cost of fund, maintain NIM at 3.95%
PNB Housing Finance, a mortgage lender backed by General Atlantic Singapore, aims to maintain a net inter ...More
PNB Housing Finance, a mortgage lender backed by General Atlantic Singapore, aims to maintain a net interest margin just below 4% and reduce the rising cost of funds. The lender expects to access cheaper funds from the National Housing Bank and a potential rating upgrade, which would lower borrowing costs. ...Less

- Stock Radar: PNB Housing Finance stocks break out from inverse Head & Shoulder pattern; time to buy?
PNB Housing Finance Ltd broke out from an inverse Head & Shoulder pattern on the daily chart, indicating ...More
PNB Housing Finance Ltd broke out from an inverse Head & Shoulder pattern on the daily chart, indicating potential gains for the stock. Experts suggest short-term traders can target Rs 1,000-1,025 in the next 1-2 months, with the stock closing at Rs 874 on April 1, 2025. ...Less

- PNB Housing Fin jumps 3% as firm announces capital raising plans
In a regulatory filing on Friday, PNB Housing Finance said that a meeting of the Board of Directors of PN ...More
In a regulatory filing on Friday, PNB Housing Finance said that a meeting of the Board of Directors of PNB Housing Finance Limited is scheduled to be held on March 9 to consider fund raising options by issue of equity shares through appropriate methods (including rights issue), subject to requisite approvals. ...Less

- PNB Housing Finance shares tumble nearly 5% after large block deal
Shares of state-owned PNB Housing Finance dropped 4.8% to Rs 800 in early Thursday trading on the BSE, af ...More
Shares of state-owned PNB Housing Finance dropped 4.8% to Rs 800 in early Thursday trading on the BSE, after a block deal where 1.36 crore shares changed hands. Asia Opportunities Fund and General Atlantic likely sold a 5.2% stake at a floor price of Rs 773, an 8% discount from the previous close of Rs 840. ...Less

- Stocks in news: HCL Tech, Vedanta, Jio Financial, IndusInd Bank, Suzlon Energy
Markets are cautious as a ceasefire nears expiry. Oil prices rose, and the rupee weakened, sparking infla ...More
Markets are cautious as a ceasefire nears expiry. Oil prices rose, and the rupee weakened, sparking inflation worries. Investors are watching the Q4 earnings season. Stocks like HCL Tech, Vedanta, and Jio Financial are in focus. Vedanta's demerger is set for May 1, 2026. HCL Tech reports Tuesday. Jio Financial expands its lending. TVS Motor enters Zambia. ...Less

- Omkara ARC buys Joyous' Rs 784-crore PNB Housing loan
PNB Housing Finance had announced the successful resolution of its large corporate non-performing account ...More
PNB Housing Finance had announced the successful resolution of its large corporate non-performing account (NPA) account valued at ₹784 crore, which constituted around 1.3% of the loan asset as of June 30, 2023, according to a stock exchange announcement ...Less

- PNB Housing up 8% on settlement with Sebi over Carlyle case
The company and 12 individuals, who were directors of the company as on May 31, 2021, jointly paid Rs 72. ...More
The company and 12 individuals, who were directors of the company as on May 31, 2021, jointly paid Rs 72.76 lakh towards settlement. The settlement amount included Rs 44.26 lakh as legal costs, Sebi said in an order on Tuesday. ...Less

- PNB Housing Finance Q2 Results: Profit jumps 46% YoY to Rs 383 crore
The mortgage lender kept aside Rs 1196 crore as expected credit loss provisions against Rs 2162 crore in ...More
The mortgage lender kept aside Rs 1196 crore as expected credit loss provisions against Rs 2162 crore in the year ago period. This is in line with improvement in asset quality with gross non-performing assets ratio declined by 1.78% at the end of September from 3.39% a year back. ...Less

- Ahead of Market: 10 things that will decide stock market action on Wednesday
Domestic markets extended gains for a third session, led by financial and FMCG stocks, with Nifty 50 and ...More
Domestic markets extended gains for a third session, led by financial and FMCG stocks, with Nifty 50 and BSE Sensex rising sharply. Lower volatility and bullish technical signals supported sentiment, despite mixed global cues and geopolitical uncertainties influencing investor outlook ...Less

- PNB Housing Finance shares jump over 5%, hit 52-week high on Rs 2,500 crore NCD plans
PNB Housing Finance Share Price: Shares of PNB Housing Finance surged 5.4% to a 52-week high of Rs 1,109. ...More
PNB Housing Finance Share Price: Shares of PNB Housing Finance surged 5.4% to a 52-week high of Rs 1,109.9 on the BSE during Thursday’s trading. The increase followed the company’s announcement of plans to raise nearly Rs 2,500 crore through NCDs on September 9. According to an exchange filing, the board will meet on September 9, 2024, to consider and approve the issuance of up to Rs 2,500 crore in NCDs via private placement in tranches over the next six months. ...Less

- Rs 2,600-crore deal: Carlyle looks to exit PNB Housing
Carlyle is set to divest up to $308 million worth of shares in PNB Housing Finance Ltd. through a block t ...More
Carlyle is set to divest up to $308 million worth of shares in PNB Housing Finance Ltd. through a block trade. The offering involves approximately 27.1 million shares, constituting about 10.4% of the company's outstanding equity. ...Less

- PNB Housing Q1 Results: Net profit rises 48% YoY to Rs 347 crore on strong housing demand
New Delhi-based PNB Housing Finance said asset quality improved in the quarter, with gross non-performing ...More
New Delhi-based PNB Housing Finance said asset quality improved in the quarter, with gross non-performing assets as a percentage of total loans slipping to 3.76% as on June 30, from 3.83% as on March 31. Disbursements for the quarter climbed 7% year-on-year to Rs 3,686 crore ...Less

- PNB Housing Finance says regulatory process underway for new MD & CEO; Jatul Anand to lead interim
Girish Kousgi has formally exited as PNB Housing Finance's MD & CEO, with his tenure concluding on Octobe ...More
Girish Kousgi has formally exited as PNB Housing Finance's MD & CEO, with his tenure concluding on October 28, 2025. Executive Director Jatul Anand will serve as interim head while the company seeks regulatory approval for a new full-time leader. Kousgi had resigned in July citing personal reasons and a desire to pursue external opportunities. ...Less

- PNB Housing shares zoom 10% after asset quality improves in Q4, profit rises 25% YoY
PNB Housing Finance shares surged 10% after the company reported a 25% YoY jump in Q4 net profit to Rs 55 ...More
PNB Housing Finance shares surged 10% after the company reported a 25% YoY jump in Q4 net profit to Rs 550 crore, driven by strong business growth and improved asset quality. Full-year profit rose 28%. Net interest margin improved, AUM grew 13%, and gross NPAs declined. HDFC Securities maintained an ‘Add’ rating with a target price of Rs 1,025. ...Less

- PNB Housing Finance sheds 5% as Q3 profit falls 19% YoY
The company said it allotted 8,000 shares at a face value of Rs 10 each "pursuant to exercise of stock op ...More
The company said it allotted 8,000 shares at a face value of Rs 10 each "pursuant to exercise of stock options by employees", reports said, adding that at Rs 10 each, the company reported earnings per share of Rs 10.90 crore (basic) and Rs 10.87 crore (diluted), while its paid up equity share capital stood at Rs 168.59 crore, a very modest 0.006 per cent sequential increase. ...Less

- Chart Check: Breach of falling trendline resistance and breakout from Cup & Handle pattern make PNB Housing an attractive buy
PNB Housing Finance stock with a market capitalization of more than Rs 16000 crore trades at a P/E multip ...More
PNB Housing Finance stock with a market capitalization of more than Rs 16000 crore trades at a P/E multiple of 13.97x and an Earnings Per Share (EPS) of 45.11, BSE data showed. The stock gave a breakout from a falling trendline resistance on the monthly charts which is a positive sign for the bulls. ...Less
- PNB Housing renews its share selling plan
The mortgage lender has called a board meeting next week to consider this plan. The size of the proposed ...More
The mortgage lender has called a board meeting next week to consider this plan. The size of the proposed fundraising was not disclosed. ...Less
- PNB Housing Finance to raise up to Rs 2,000 cr via bonds
The board of directors held a meeting on June 14, 2022 and approved issuance of non-convertible debenture ...More
The board of directors held a meeting on June 14, 2022 and approved issuance of non-convertible debentures aggregating up to Rs 2,000 crore on private placement basis, PNB Housing Finance said in a regulatory filing. ...Less
- PNB Housing stock price up 109.3% in last one year; 5 reasons analysts are bullish
Analysts are confident that low penetration of housing loans and increasing urbanisation and affordabilit ...More
Analysts are confident that low penetration of housing loans and increasing urbanisation and affordability will be good for PNB Housing. ...Less
- World Bank's IFC targets $10 billion in annual investments in India by 2030
The International Finance Corporation plans to significantly increase its investments in India. By 2030, ...More
The International Finance Corporation plans to significantly increase its investments in India. By 2030, annual investments are set to reach $10 billion. Focus areas include renewable energy, urban infrastructure, and financial services. The IFC is also exploring municipal bond financing with Indian states. This expansion signals strong commitment to India's growth. ...Less
- Buy PNB Housing Finance, target price Rs 535: Jayesh Bhanushali
PNB Housing Finance key Products/Revenue Segments include Interest, Fees & Commission Income, Income From ...More
PNB Housing Finance key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2022. ...Less
- PNB Housing bond yields drop despite bumps
PNB Housing Finance is rated AA by ICRA, with a negative outlook. To be sure, secondary market trades are ...More
PNB Housing Finance is rated AA by ICRA, with a negative outlook. To be sure, secondary market trades are not so liquid, with trades ranging from a few lakhs to Rs 270 crore a lot. Yields vary depending on the tenor of the issue. ...Less
- PNB Housing Finance to resume project financing soon: MD
PNB Housing Finance is poised to re-enter project financing this quarter after a three-year hiatus, buoye ...More
PNB Housing Finance is poised to re-enter project financing this quarter after a three-year hiatus, buoyed by improved asset quality. The lender aims for a ₹1,500 crore project finance portfolio by fiscal year-end, alongside expanding its loan against property business with a dedicated team. The company projects 18% growth for FY26, driven by affordable housing loan segment. ...Less
- Buy PNB Housing Finance, target price Rs 507: IIFL
The stock has an ascending triangle breakout. ...More
The stock has an ascending triangle breakout. ...Less
- Buy PNB Housing Finance, target price Rs 550: JM Financial
PNB Housing Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income ...More
PNB Housing Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2022. ...Less
- Hold PNB Housing Finance, target price Rs 510: ICICI Securities
PNB Housing Finance, incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 8959. ...More
PNB Housing Finance, incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 8959.55 Crore) operating in NBFC sector. ...Less
- PNB Housing Finance shares rise over 8% on recovery of Rs 784 crore NPA
The company said it has fully recovered this corporate NPA, constituting about 1.3% of the loan asset as ...More
The company said it has fully recovered this corporate NPA, constituting about 1.3% of the loan asset as of June 30, 2023. The resolution of this account was achieved on August 19, 2023, by selling the loan to an asset reconstruction company under the Swiss Challenge method under RBI's rules. ...Less
- PNB Housing Finance Q4 Results: Profit zooms 57% to Rs 439 crore on steady demand for home loans
Its loan assets grew by 10% year-on-year to Rs 65,358 crore at the end of March, while retail loans grew ...More
Its loan assets grew by 10% year-on-year to Rs 65,358 crore at the end of March, while retail loans grew by 14% to Rs 63,306 crore. PNB Housing Finance's corporate loan book shrank 46% in FY24 to Rs 2,052 crore as it had tried to de-risk the portfolio. ...Less
- Awaiting growth capital, PNB Housing may re-enter corporate loans at appropriate time: MD&CEO Prasad
The Punjab National Bank-promoted housing finance company (HFC) presently has a corporate loan book size ...More
The Punjab National Bank-promoted housing finance company (HFC) presently has a corporate loan book size of Rs 6,006 crore which may come down further by Rs 1,000 crore by December, Hardayal Prasad, the Managing Director and Chief Executive Officer of PNB Housing Finance, said. ...Less
- PNB Housing Q1 profit jumps 23% to Rs 534 crore on loan growth, NIM boost
PNB Housing Finance posted a 23% YoY rise in Q1 net profit at Rs 534 crore, aided by strong loan growth, ...More
PNB Housing Finance posted a 23% YoY rise in Q1 net profit at Rs 534 crore, aided by strong loan growth, improved NIM of 3.74%, and better asset quality. Gross NPAs fell to 1.06%, and retail disbursements in affordable and emerging segments surged, contributing 50% of total. ...Less
- PNB Housing Finance takes over Vipul Ltd Project after default
The lender had sent a notice to the Bombay Stock Exchange listed developer in February, demanding repayme ...More
The lender had sent a notice to the Bombay Stock Exchange listed developer in February, demanding repayment of the loan given against its project Aarohan Residences in Gurgaon. ...Less
- Carlyle to sell upto 6.4% stake in PNB Housing Finance for Rs 1,256 crore on Tuesday
As per a term sheet issued by IIFL Securities, Quality Investment Holdings (a Carlyle entity) will sell 1 ...More
As per a term sheet issued by IIFL Securities, Quality Investment Holdings (a Carlyle entity) will sell 1.66 crore shares at a floor price of Rs 775 each, aiming to raise Rs 1,256 crore. The floor price is 5% below Monday’s closing price of Rs 794.90. ...Less
- PNB Housing shares jump 7% as Carlyle likely sells 10.44% stake via block deal
Carlyle Group likely divested its remaining 10.44% stake in PNB Housing Finance through a $308 million bl ...More
Carlyle Group likely divested its remaining 10.44% stake in PNB Housing Finance through a $308 million block trade, managed by IIFL Capital. The sale, executed via Quality Investment Holdings, offered shares at a floor price of Rs 960. Carlyle's investment, initiated in 2015, yielded an estimated 367% return over ten years, despite a previously cancelled capital raise plan. ...Less
- PNB Housing Finance's Rs 2,500 cr rights issue gets Sebi's nod
PNB Housing Finance has received Sebi's go ahead to raise up to Rs 2,500 crore through a rights issue of ...More
PNB Housing Finance has received Sebi's go ahead to raise up to Rs 2,500 crore through a rights issue of shares. The housing finance firm plans to utilise the net proceeds from the issue towards augmenting its capital base. After the rights issue, PNB Housing's shareholding would come down from the current level of 32.53 per cent to below 30 per cent but it would be higher than 26 per cent so that the bank retains promoter status. ...Less
- PNB apprises board of developments related to PNB Housing Finance-Carlyle deal
Earlier this week, PNB Housing Finance held shareholders' meeting for seeking approval for the deal. ...More
Earlier this week, PNB Housing Finance held shareholders' meeting for seeking approval for the deal. ...Less
- PNB Housing hits upper circuit as PNB asks it to restructure Carlyle deal
Shares of PNB Housing Finance soared 5 per cent, its daily circuit limit, to Rs 720.55 on Thursday. BSE S ...More
Shares of PNB Housing Finance soared 5 per cent, its daily circuit limit, to Rs 720.55 on Thursday. BSE Sensex was trading 50 points or 0.09 per cent lower at 53,004.88 at the time of writing this report. It settled at Rs 686.25 on Wednesday. PNB housing has doubled investors' money in the year 2021 so far. However, the housing finance firm has shed over 15 per cent in the last one month. ...Less
- HDFC Standard Life buys PNB Housing Fin's shares worth Rs 90 crore
HDFC Standard Life Insurance Co on Tuesday bought shares of PNB Housing Finance worth Rs 90 crore through ...More
HDFC Standard Life Insurance Co on Tuesday bought shares of PNB Housing Finance worth Rs 90 crore through an open market transaction. According to the block deal data available on the BSE, HDFC Standard Life Insurance Company Ltd purchased a little over 10 lakh shares or 0.4 per cent stake in PNB Housing Finance. ...Less
- PNB Housing Finance shareholders approve appointments, reappointments of directors
The extraordinary general meeting (EGM) of the company that took place on Tuesday (June 22) was called to ...More
The extraordinary general meeting (EGM) of the company that took place on Tuesday (June 22) was called to seek shareholders' approval for allotting preference shares to US based Carlyle group led investment of Rs 4,000 crore in the company. ...Less
- PNB Housing Finance shares rally 11% after strong Q2 results
PNB Housing Share Price: PNB Housing Finance shares climbed 11% to Rs 1,035 after posting a 23% YoY rise ...More
PNB Housing Share Price: PNB Housing Finance shares climbed 11% to Rs 1,035 after posting a 23% YoY rise in Q2 FY25 net profit to Rs 470 crore, attributed to improved asset quality and reduced GNPA ratio. Net interest income grew modestly, while net interest margin showed slight improvement. ...Less
- PNB Housing Finance's net profit 3% lower at Rs 235 crore
Its loan assets portfolio shrank to Rs 56,301 crore at the end of June from Rs 60,438 crore a year back a ...More
Its loan assets portfolio shrank to Rs 56,301 crore at the end of June from Rs 60,438 crore a year back and from Rs 56,889 crore at the end of last fiscal, on account of sell down and accelerated payments in relation to corporate book. Its retail loan assets also saw a mere 1.7% year-on-year rise to Rs 50,295 crore. ...Less
- PNB says ready to subscribe to PNB Housing's rights issue if RBI approves
PNB holds around 32.6% stake in the mortgage lender and it would need to shell out around Rs 800 crore if ...More
PNB holds around 32.6% stake in the mortgage lender and it would need to shell out around Rs 800 crore if it subscribes to the latter's capital raising plan. ...Less
- PNB Housing Finance Q2 results: Net profit slumps to Rs 235 crore
Among the other key financials during Q2FY22, the company's net interest margin stood at 3 per cent compa ...More
Among the other key financials during Q2FY22, the company's net interest margin stood at 3 per cent compared to 3.5 per cent in the year-ago period. ...Less
- PNB Housing Finance Limited joins forces with Celebrus Capital
In the last quarter of the current fiscal and the next fiscal, PNB Housing has extensive plans to penetra ...More
In the last quarter of the current fiscal and the next fiscal, PNB Housing has extensive plans to penetrate the untapped markets of Southern India. ...Less
- PNB Housing Finance obtains refinance sanction of Rs 3,500 cr from NHB
PNB Housing Finance Managing Director Sanjaya Gupta said the fresh sanction of Rs 3,500 crore will streng ...More
PNB Housing Finance Managing Director Sanjaya Gupta said the fresh sanction of Rs 3,500 crore will strengthen the company's liquidity and also help in boosting the economic growth. ...Less
- PNB Housing Finance plans Rs 35,000 cr debt capital as Carlyle deal hangs fire
The company will seek shareholders' nod in its annual general meeting (AGM) on September 3, 2021, PNB Hou ...More
The company will seek shareholders' nod in its annual general meeting (AGM) on September 3, 2021, PNB Housing Finance said in a regulatory filing on Wednesday. ...Less
- Hardayal Prasad quits as PNB Housing Finance MD, Girish Kousgi to replace him
PNB Housing has announced the appointment of Girish Kousgi to replace Prasad. A veteran of 25 years of mo ...More
PNB Housing has announced the appointment of Girish Kousgi to replace Prasad. A veteran of 25 years of mortgage and retail lending experience, Kousgi was managing director Can Fin Homes prior to joining PNB Housing. Kousgi’s appointment is however subject to the approval of shareholders. ...Less
- PNB Housing’s Q4 net soars 64% on interest income boost
PNB Housing Finance reported a 64% rise in consolidated net profit at Rs 279 crore in the quarter ending ...More
PNB Housing Finance reported a 64% rise in consolidated net profit at Rs 279 crore in the quarter ending March 31 over Rs 170 crore in the year ago period. Net interest income rose 57% to Rs 593 crore, while net interest margin increased to 3.74%. Pre provision operating profit rose 32% year-on-year to Rs 487 crore, but was 22% lower sequentially. Its total loan portfolio grew 2% to Rs 59,273 crore at the end of March ...Less
- PNB Housing Finance plans tie-ups with banks for co-lending in housing loan sector
"We have got our policy approved on the co-lending and you will shortly be hearing some announcement from ...More
"We have got our policy approved on the co-lending and you will shortly be hearing some announcement from the company in terms of some agreement that we will enter with banks," Hardayal Prasad, Managing Director and CEO, PNB Housing Finance, told post company's third quarter earnings last week. ...Less
- Singapore-based Investment Opportunities V raises stake in PNB Housing Finance to 9.92%
The foreign portfolio investor held 1.67 crore equity shares in the Indian mortgage lender at the end of ...More
The foreign portfolio investor held 1.67 crore equity shares in the Indian mortgage lender at the end of December, against 1.38 crore shares held three months back, according to shareholding details filed by PNB Housing Finance to stock exchanges. ...Less
- Buy PNB Housing Finance, target Rs 1,700: Edelweiss Broking
Buy PNB Housing Finance Ltd. at a price target of Rs 1700. ...More
Buy PNB Housing Finance Ltd. at a price target of Rs 1700. ...Less
- Morgan Stanley, 2 others pick 6.8% stake in PNB Housing Fin for Rs 1,664 crore
Morgan Stanley, Societe Generale and another entity on Wednesday picked up a total of 1.77 crore, or 6.82 ...More
Morgan Stanley, Societe Generale and another entity on Wednesday picked up a total of 1.77 crore, or 6.82 per cent stake, of PNB Housing Finance through open market transactions worth Rs 1,664 crore. According to bulk deal data available on the National Stock Exchange (NSE), Morgan Stanley through its arm Morgan Stanley Asia Singapore purchased over 1.42 crore shares or a 5.4 per cent stake in PNB Housing in two transactions. ...Less
- PNB Housing soars 95% in a week. What should investors do?
Yash Gupta, Equity Research Associate, Angel Broking, said long-term investors can remain invested in the ...More
Yash Gupta, Equity Research Associate, Angel Broking, said long-term investors can remain invested in the stock, as it would be a one-of-a-kind turnaround story in the housing finance sector. ...Less
- No error of judgement in PNB Housing Finance deal; future course as per SAT order: PNB MD
Under the deal announced on May 31, the US-based Carlyle, alongside other investors, is slated to infuse ...More
Under the deal announced on May 31, the US-based Carlyle, alongside other investors, is slated to infuse Rs 4,000 crore capital into PNB Housing Finance through the issuance of preference shares and warrants. ...Less
- PNB Housing-Carlyle deal in a regulatory fix
Carlyle and Salisbury Investments, which are set to be the new promoters of the company, are also expecte ...More
Carlyle and Salisbury Investments, which are set to be the new promoters of the company, are also expected to support the PNB Housing plans to challenge the regulatory order. ...Less
- PNB Housing Finance plans to raise $400 million via masala bonds
PNB Housing Finance is a subsidiary of PNB, whose stakeholding in the company is 32.96 per cent. ...More
PNB Housing Finance is a subsidiary of PNB, whose stakeholding in the company is 32.96 per cent. ...Less
- PNB Housing Finance, YES Bank sign strategic co-lending pact for retail home loans
PNB Housing and Yes Bank will synergise capabilities to provide an efficient and seamless experience to e ...More
PNB Housing and Yes Bank will synergise capabilities to provide an efficient and seamless experience to existing and new retail home loan customers, PNB Housing Finance said in a regulatory filing. ...Less
- PNB Housing Finance likely to see stake sale worth Rs 500 crore via block deal: Report
PNB Housing Finance could see a block deal worth Rs 500 crore with undisclosed sellers. The floor price i ...More
PNB Housing Finance could see a block deal worth Rs 500 crore with undisclosed sellers. The floor price is set at Rs 717 per share, a 9% discount from the current market price. Investment Opportunities V previously sold its stake. The company reported a 26% rise in net profit in Q3 FY 2023-24. ...Less
- IFC, Korean company to buy minority stakes in PNB Housing Finance
PNB Housing is aiming to raise Rs 1,500-1,600 crore in a share sale by March this year. ...More
PNB Housing is aiming to raise Rs 1,500-1,600 crore in a share sale by March this year. ...Less
- PNB Housing Finance issue revives IPO frenzy on Dalal Street
With a loan book of Rs 27,201 crore, PNB Housing Fin is the 5-largest housing finance company in India - ...More
With a loan book of Rs 27,201 crore, PNB Housing Fin is the 5-largest housing finance company in India - a market with a mortgage-to-GDP ratio of less than 10%. ...Less
- BSE launches Housing Finance Index to track sectoral opportunities, enable passive investing
BSE Index Services introduced the Housing Finance Index to measure housing finance companies’ performance ...More
BSE Index Services introduced the Housing Finance Index to measure housing finance companies’ performance. Drawn from BSE 1000, it supports ETFs, mutual funds, PMS strategies, and sector-specific tracking. LIC Housing Finance holds the highest weight, while Aadhar and others contribute smaller shares. ...Less
- Shubhalakshmi Panse resigns as PNB Housing Finance independent director
Shubhalakshmi Panse, who had served as managing director at Allahabad Bank from October 2012-January 2014 ...More
Shubhalakshmi Panse, who had served as managing director at Allahabad Bank from October 2012-January 2014, was appointed as independent director of PNB Housing Finance Ltd (PNBHFL) in July 2017. ...Less
- SAT to hear matter on PNB Housing-Carlyle deal next week
PNB Housing had filed an appeal before the SAT against the letter issued by the Securities and Exchange B ...More
PNB Housing had filed an appeal before the SAT against the letter issued by the Securities and Exchange Board of India last month, requesting it not to go ahead with the proposal until due diligence was done. ...Less
- PNB Housing Finance falls 5%, extends losses to second day
Reserve Bank of India as well as Sebi will look into various regulatory issues related to the proposed Rs ...More
Reserve Bank of India as well as Sebi will look into various regulatory issues related to the proposed Rs 4,000 crore-investment by US-based private equity firm Carlyle and others in PNB Housing Finance, sources said on Monday. ...Less
- PNB Housing IPO begins tomorrow; here’s what experts say
The home finance company has set the price band for the IPO at Rs 750-775 apiece, valuing it at close to ...More
The home finance company has set the price band for the IPO at Rs 750-775 apiece, valuing it at close to Rs 13,000 crore. ...Less
- Closely monitoring inventory, asking builders to start selling as demand gains traction: PNB Housing
"When we talk to the builders and our sales team and people who are on the ground, who go and talk to the ...More
"When we talk to the builders and our sales team and people who are on the ground, who go and talk to the consumers and prospective borrowers, there are green shoots that we are seeing everywhere," MD and CEO Hardayal Prasad said. ...Less