PNB Housing Finance to collect Rs 400 cr from rights
K R Kamath, CMD and Chairman of PNB Housing Finance says that the company is planning to raise Rs 400 Crore from the rights.
PNB has 51 percent share in the company while the remaining 49 percent share is held by private equity firm Destimoney. PNB would take share for Rs 204 Crore and the rest of money will come from the private equity firm.
Mr. Kamath also mentioned that the company has maintained potential to double or triple its business in upcoming years.
PNB, which completes 25 years of its working aims to collect Rs 300 Crore in the upcoming financial year through rights issue.
The housing finance company, whose loan book crossed Rs10, 000 Crore, aims the profit of more than 120 Crore in 2013-14.
Source: The Deccan Herald
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