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pnb housing finance: No capital infusion by Punjab National Bank in housing finance subsidiary

NEW DELHI:
Punjab National Bank (PNB) will not participate in capital raise plans of its housing finance subsidiary, PNB Housing Finance, but the company will continue to scout for raising equity from other sources, according to a regulatory filing. In August last year, PNB Housing Finance Ltd had informed about its plan to raise tier I capital up to Rs 1,800 crore through various modes including QIP, preferential issue of shares or a rights issue.
To this, PNB was awaiting approval from the Reserve Bank to infuse capital into PNB Housing Finance.
In this context, Punjab National Bank has communicated that it shall not be participating in the capital raise plans of the company. However, the company will continue to pursue the proposed capital raising plan through permitted modes, PNB Housing Finance said in a regulatory filing. ....

Hardayal Prasad , Atlantic Singapore Fund Fii Pte Ltd , Punjab National Bank , Housing Finance Ltd , Finance Ltd , Reserve Bank , Finance Managing Director , Pnb Housing Finance , Capital Infusion , Pnb Housing Finance Ltd , ஹார்தாயல் பிரசாத் , பஞ்சாப் தேசிய வங்கி , வீட்டுவசதி நிதி லிமிடெட் , நிதி லிமிடெட் , இருப்பு வங்கி , நிதி நிர்வகித்தல் இயக்குனர் , ப்ண்ப் வீட்டுவசதி நிதி , மூலதனம் உட்செலுத்துதல் , ப்ண்ப் வீட்டுவசதி நிதி லிமிடெட் ,

No capital infusion by PNB in housing finance subsidiary

No capital infusion by PNB in housing finance subsidiary
PNB Housing Finance Ltd had informed about its plan to raise tier I capital up to Rs 1,800 crore through various modes including QIP, preferential issue of shares or a rights issue
PTI | February 21, 2021 | Updated 09:07 IST
As of December 31, 2020, Punjab National Bank held 32.65 per cent stake in PNB Housing
Punjab National Bank (PNB) will not participate in capital raise plans of its housing finance subsidiary, PNB Housing Finance, but the company will continue to scout for raising equity from other sources, according to a regulatory filing. In August last year, PNB Housing Finance Ltd had informed about its plan to raise tier I capital up to Rs 1,800 crore through various modes including QIP, preferential issue of shares or a rights issue. ....

Hardayal Prasad , Atlantic Singapore Fund Fii Pte Ltd , Punjab National Bank , Housing Finance Ltd , Finance Ltd , Reserve Bank , Finance Managing Director , Pnb Housing Finance Subsidiary , Pnb Housing Finance Ltd , Pnb Housing Finance Ltd Fund Raising , Pnb Housing Finance Ltd Capital Infusion , Pnb Housing Finance Ltd Qip , Pnb Housing Finance Ltd Rights Issue , Pnb Housing Finance Ltd Share Sa , ஹார்தாயல் பிரசாத் , பஞ்சாப் தேசிய வங்கி , வீட்டுவசதி நிதி லிமிடெட் , நிதி லிமிடெட் , இருப்பு வங்கி , நிதி நிர்வகித்தல் இயக்குனர் , ப்ண்ப் வீட்டுவசதி நிதி துணை , ப்ண்ப் வீட்டுவசதி நிதி லிமிடெட் , ப்ண்ப் வீட்டுவசதி நிதி லிமிடெட் நிதி உயர்த்துவது , ப்ண்ப் வீட்டுவசதி நிதி லிமிடெட் மூலதனம் உட்செலுத்துதல் , ப்ண்ப் வீட்டுவசதி நிதி லிமிடெட் உரிமைகள் பிரச்சினை , ப்ண்ப் வீட்டுவசதி நிதி லிமிடெட் பகிர் ச ,

No capital infusion by Punjab National Bank in housing finance subsidiary

Punjab National Bank (PNB) will not participate in capital raise plans of its housing finance subsidiary, PNB Housing Finance, but the company will continue to scout for raising equity from other sources, according to a regulatory filing.
In August last year, PNB Housing Finance Ltd had informed about its plan to raise tier I capital up to Rs 1,800 crore through various modes including QIP, preferential issue of shares or a rights issue.
To this, PNB was awaiting approval from the Reserve Bank to infuse capital into PNB Housing Finance.
In this context, Punjab National Bank has communicated that it shall not be participating in the capital raise plans of the company. However, the company will continue to pursue the proposed capital raising plan through permitted modes, PNB Housing Finance said in a regulatory filing. ....

Hardayal Prasad , Atlantic Singapore Fund Fii Pte Ltd , Punjab National Bank , Housing Finance Ltd , Finance Ltd , Reserve Bank , Finance Managing Director , Housing Finance , Capital Infusion , ஹார்தாயல் பிரசாத் , பஞ்சாப் தேசிய வங்கி , வீட்டுவசதி நிதி லிமிடெட் , நிதி லிமிடெட் , இருப்பு வங்கி , நிதி நிர்வகித்தல் இயக்குனர் , வீட்டுவசதி நிதி , மூலதனம் உட்செலுத்துதல் ,