Question
Which bank’s housing finance arm has received capital
markets regulator SEBI’s nod to raise up to Rs 2,500 crore through rights issue of shares?Solution
PNB Housing Finance, an arm of state-owned Punjab National Bank, has received capital markets regulator SEBI’s nod to raise up to Rs 2,500 crore through rights issue of shares. The company intends to utilise the net proceeds from the issue towards augmenting its capital base.
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