The NCDs will be issued in one or more tranches, as decided by the Board of Directors or any committee authorised by it from time to time. The proposed NCDs will be listed on the Wholesale Debt Market (WDM) segment of NSE and/or BSE.
Details including the tenure, date of allotment and maturity, coupon or interest rate, payment schedule, security or charge over assets and special rights or privileges will be provided at the time of allotment of the respective NCDs.
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Information on any delay or default in payment of interest or principal will also be provided at the time of allotment. The company said details regarding comments on payment or non-payment of interest or principal, or matters concerning security or assets, are not applicable at this stage.
First Quarter Results
The company reported a consolidated net profit of ₹557 crore for the June quarter, up 4.5% from ₹534 crore in the corresponding period last year.
Interest income, the money earned from loans extended to customers, rose 8% year-on-year to ₹2,138 crore, compared with ₹1,979 crore a year earlier. The increase reflects continued growth in the company’s loan book as demand for housing finance remained healthy during the quarter.
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Shares of PNB Housing Finance Ltd ended at ₹1,181.45, up by ₹15.95, or 1.37%, on the BSE.
