PNB Housing Finance Ltd. said on Wednesday that its Board of Directors will convene on Monday, September 9, 2024, to deliberate on and potentially approve the issuance of Non-Convertible Debentures (NCDs) up to ₹2,500 crore.

The NCDs are proposed to be issued on a private placement basis, in multiple tranches over the next six months.

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This move is part of PNB Housing Finance’s strategy to bolster its capital structure and fund key corporate initiatives, including expansion projects and working capital requirements. The issuance aims to enhance the company’s financial flexibility and strengthen its market position amid changing business conditions.

The outcome of this meeting is likely to impact the company’s financial stability and strategic trajectory, drawing significant interest from investors and market participants.

Further details regarding the issuance and its implications will be disclosed following the Board’s decision on Monday.

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