Q2FY25 company results: Godrej Consumer Products, PNB Housing Finance, Adani Gas, Bikaji, IndusInd Bank, Vadilal, and more to report second quarter earnings on October 24
The uptick in share price came after the company announced that its board of directors will meet on September 9, to consider and approve issuance of NCDs up to Rs 2,500 crore.
While the buyers and sellers could not be confirmed, General Atlantic Singapore Fund FII Pte Ltd was the likely seller in the housing finance company
Demand for premium housing in the country has been strong even as the affordable segment saw some pressure due to high interest rates
According to reports, over 1.36 crore shares, equivalent to 5.24 per cent equity worth Rs 1,095.14 crores changed hands via a NSE Block trade on Thursday. The shares were sold at Rs 803.35 per scrip
Japan's Nikkei declined 0.70 per cent, contrasting with Korea's Kospi which saw a gain of 0.13 per cent. Australia's ASX200 witnessed a marginal decrease of 0.03 per cent
Asia Opportunities V (Mauritius) and General Atlantic divested a 4.46 per cent stake in housing finance firm PNB Housing Finance for Rs 843 crore through open market transactions. US-based private equity firm General Atlantic through its affiliate General Atlantic Singapore Fund FII Pte Ltd offloaded its stake in PNB Housing Finance on the BSE. As per the bulk deal data available with the BSE, Asia Opportunities V (Mauritius) and private equity firm General Atlantic Singapore Fund FII Pte sold 58 lakh shares each, amounting to a combined 4.46 per cent stake in PNB Housing Finance. The shares were disposed of in a price range of Rs 727.26-727.47 apiece, taking the combined deal size to Rs 843.79 crore. As of March 2024, shareholding data of PNB Housing Finance on the BSE, Asia Opportunities V (Mauritius) Ltd holds a 9.88 per cent stake, and General Atlantic Singapore Fund FII Pte owns a 9.82 per cent stake in the company. Meanwhile, Societe Generale purchased 13.08 lakh shares at a
At 09:15 am; around 12.25 million equity shares representing 4.72 per cent of total equity of PNB Housing Finance have changed hands on the BSE, the exchange data shows.
Interest rates have moderated in recent times, with the country registering its highest home sales since 2008 last year, according to a report
Girish Kousgi, MD and CEO at PNB Housing Finance said that at the current pace, the company may add another Rs 1,000 crore to its loan book in the next six months
The company's retail loan asset grew by 12 per cent y-o-y to Rs 58,471 crore, which is 96 per cent of the loan asset
In the short, medium, and long term, the demand is quite robust in the affordable housing segment, which is big and accounts for 32-35 per cent of the share in the mortgage industry
The housing finance company's total income during the June quarter was Rs 1,708 crore against Rs 1,412 crore a year ago, the lender said in an exchange filing
The housing finance company (HFC) had booked a net profit of Rs 170 crore in the March quarter of FY22 and Rs 269 crore in Q3FY23
Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.
Gains from easing bond yields worldwide; better rate comes against indicative yield of 9-9.25%
Pulling out from the Rs 4,000-crore Carlyle-led deal was a conscious choice as company did not want to entangle in legal battle and lose focus on business, PNB Housing MD and CEO Hardayal Prasad said
Consolidated interest income drops to Rs 1,500 cr from Rs 1,960 cr in the same quarter last year. NII down 23% to Rs 503 cr
The BSE Sensex closed at 54,555 levels, up 152 points or 0.28 per cent. The Nifty50 index shut shop at 16,280 levels, up 22 points or 0.13 per cent
The tribunal lacks a third member to fall back upon, thus putting the PNB Housing plea in a limbo