StockWatch
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Housing Finance Company
Loan & Debt7 Sept 2026, 10:10 pm

PNB Housing Finance Approves NCD Issuance Up to ₹6,000 Crore

AI Summary

PNB Housing Finance Ltd announced that its Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) amounting to a maximum of INR 6,000 Crore. This issuance will be on a private placement basis, in one or more tranches, with or without a green shoe option. The company had previously secured shareholder approval for NCD issuance up to INR 10,000 Crore at the Annual General Meeting held on August 17, 2026. Additionally, the relieving date for Chief Information Officer, Mr. Anubhav Rajput, has been extended to September 30, 2026, to ensure a smooth handover process. The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of NSE and/or BSE.

Key Highlights

  • Board approved NCD issuance up to ₹6,000 Crore.
  • Issuance to be on private placement basis in tranches.
  • Shareholder approval for ₹10,000 Crore NCDs already obtained.
  • CIO's relieving date extended to September 30, 2026.
  • NCDs to be listed on NSE and/or BSE WDM segment.