PNB Housing Finance
PNB Housing Finance Limited Company (PNB Housing) is a housing finance company. The company is registered with the national Housing Bank (NHB). Although it was established in 1956 under the Companies Act, it started its activities on 11 November 1988. PNB Housing Punjab National Bank (PNB) is one of the biggest supporters of PNB Housing Finance. The company’s stocks, which went through a public issuance in November 2016, began trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) from 7 November 2016.
With more than thirty years of expert experience in housing finance, the company aims to help its customers benefit from financial services (loans and deposits) smoothly. It also has a strong branch network spread across the country.
PNB Housing Finance is a company that provides loans in many categories such as housing loans to real and legal persons for housing purchase, construction, repair and improvement. In addition, it provides loans for commercial space, loans for property and loans for the purchase of residential land.
What They Do?
One of the most important indicators of social progress is education, which is necessary for the society to be self-sufficient and open to research and innovations. Therefore, the business community in India aims to optimize the conditions of education by ridding the society of illiteracy and reducing the uneducated population.
They have partnered with VIDYA, an NGO working for underprivileged children in formal education. Two schools have been adopted by the company, with the Vidya- Rainbow Montessori School (Bal Vihar) in Panchsheel Park and the South Delhi Municipal Corporation Adchini Primary School.
They collaborated with Mobile Kindergartens to set up three nurseries in Non-Formal Education in the urban slums of Delhi. The project primarily aims to offer various opportunities to the young children of the slum population. It also creates a safe environment for the children of the working parents of the society.
The aim of the project for mental health is to provide access to or improve the delivery of the mental health care system. They renovated the Sanjivini Center with improved facilities for better delivery of mental health services.
Natural disasters can be very destructive and painful. Aware of this, the company wanted to offer relief services to those affected by natural disasters. In this way, they became a hope for the victims of the Nepal Earthquake with the non-governmental organization “Save the Children”.
In addition, the company has tried to produce solutions on waste. The company started its work in partnership with Development Alternatives. In this project, systems will be established to reduce the amount of waste going to landfills and the capacity of the residents for the separation and management of organic wastes will be created.
PNB Housing Finance Share
The share of PNB Home Finance increased 19.99% to reach its maximum level of Rs 525.2. The market capitalization of the company has increased to Rs 8,837 on BSE. PNB Housing Finance stock issues equity and convertible warrants to entities managed by the firm’s board of directors, PE firm Carlyle Group and Aditya Puri’s Salisbury Investments. He approved the offer to raise up to 4,000 crore, and subsequently the stock rose 20% today. PNB Housing Finance stock has gained 30.02% in the last 4 days.
The PNB stock is trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. PNB Stock has risen by a total of 44.13% since the beginning of this year. PNB Housing Finance said Pluto Investments has agreed to invest up to 3,185 crore through a preferential equity and guarantee allocation. Funds managed by Ares SSG and General Atlantic, the current shareholders of the company, also play a role in raising the capital. PNB Housing Finance said that Salisbury Investments will also invest in this path.