PNB Housing Finance sets price band for IPO at Rs 750-775/share

India Infoline News Service | Mumbai | October 18, 2016 12:20 IST

The company set a price band of Rs 750 to Rs 775 per share for its initial public offering (IPO). The IPO will open on 25 October and it will close on 27 October.

PNB Housing Finance
PNB Housing Finance has set a price band of Rs 750 to Rs 775  per share for its initial public offering (IPO). The IPO will open on 25 October and it will close on 27 October.

The company is seeking to raise up to $450 million in an initial public offering, IFR reported on Tuesday, citing a term sheet of the transaction, as per media report.

PNB Housing Finance Limited (PNB Housing), a subsidiary of Punjab National Bank offers housing loans to individuals and corporate bodies for the construction, purchase, repair, and upgradation of houses, as well as loans for commercial space, purchase of residential plots, loan against properties, and loans for real estate developers. 

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