PNB Housing Finance shares

PNB Housing Finance shares rise over 8% on recovery of Rs 784 crore NPA

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PNB Housing Finance shares rise over 8% on recovery of Rs 784 crore NPA

Mortgage lender PNB Housing Finance shares rallied 8% to Rs 688 in Monday’s trade on BSE after the firm resolved and fully recovered a corporate non-performing asset (NPA) of Rs 784 crore. The company said it has fully recovered this corporate NPA, constituting about 1.3% of the loan asset as of June 30, 2023. The … Read more

PNB Housing sees sharp target cuts, ‘sell’ ratings as Carlyle deal called off

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PNB Housing sees sharp target cuts, ‘sell’ ratings as Carlyle deal called off

NEW DELHI: is staring at a significant derating after the NBFC board decided not to proceed with the proposed preferential issue of Rs 4,000 crore at Rs 390 per share to the Carlyle group, General Atlantic, SSG Group and other investors. A few brokerages have already cut their ratings to ‘sell’ and reduced price targets … Read more