PNB Finance plans to raise USD 400 million for affordable housing

By Accommodation Times Bureau NEW DELHI To fund affordable homes, PNB Housing Finance plans to raise $400 million via masala bonds. PNB Housing Finance is a subsidiary of Rs 11,400 crore scam-hit Punjab National Bank. According to market sources, World Bank’s arm IFC has agreed to underwrite $150 million from its own funds while

PNB Housing Finance partners Magicbricks to e-auction 45 re-possessed properties on November 27

By Accommodation Times Bureau NEW DELHI On November 27 a realty website, Magicbricks.com ties-up with PNB Housing Finance Limited for conducting an e-auction of 45 re-possessed properties. The properties will be available to the customers at prices lower than the prevailing market rates, for quick possession. The properties are located in Indore (1), Jagadhri

PNB Housing Finance IPO subscribed 29.5 times

The initial public offering (IPO) of PNB Housing Finance was subscribed 29.55 times on Thursday, the final day of the issue. The IPO has received bids for 82,91,97,506 shares as against the total issue size of 2,80,77,500 shares, as per NSE data. According to NSE data, the institutional investor category was subscribed