PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth

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PNB Housing Finance on Friday said its board has approved a proposal to raise Rs 3,500 crore via non-convertible debentures (NCDs) to fund business growth.

The NCD will be raised on a private placement basis, PNB Housing Finance said in a regulatory filing.

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The fund will be raised in tranches over the next six months, it said.

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