PNB Housing Finance to raise Rs 2,500 cr through IPO
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Capital markets controller The IPO papers have been documented by the
The returns from the share sale would be principally utilized towards expanding its capital base by PNB Housing Finance.
As indicated by the
"We believe that the listing of our equity shares will enhance our visibility and brand name among existing and potential customers," it added.
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The company plans to grow business and loan portfolio by consolidating position in key geographies as well as by expanding into specific target markets such as the affordable housing segment.
(image: Indiatimes)
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