PNB Housing Finance
Baring Asia and Singapore’s GIC are said to be in talks to invest about $175 million to buy 49 % stake in PNB Housing Finance. Now it is held by investment firm New Silk Route. It is expected that the deal could be finalised in about a monthif talks succeed. The negotiations are still private [...] Continue Reading »
After the recent money policy was introduced, some companies and banks are offering 10.5 % interest rates on deposit schemes. The banks have even revised their Fixed Deposit (FD) rates and the investors are happy to see an upward trend. This move is taken in order to tap money from the retail investors and raise [...] Continue Reading »
The National Housing Board (NHB) shall raise $200 million through ECB (external commercial borrowing) within the next fortnight. This will ensure will ensure that home loan players meet the $1 billion target of foreign fund raising in FY14. NHB regulates pure-play home financiers. It refinances a part of the housing finance portfolios and acts as [...] Continue Reading »
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 [...] Continue Reading »
