Why PNB Housing Finance share hit upper circuit today
PNB Housing Finance share ended 20% higher today after the firm’s board approved a proposal to raise up to Rs 4,000 crore by issuing equity shares and convertible warrants to entities led by PE firm Carlyle Group and Aditya Puri’s Salisbury Investments.
The stock touched an intraday high of Rs 525.2, rising 19.99%. It closed at the same level on BSE. Market cap of the firm rose to Rs 8,837 crore on BSE. The stock has risen 30.02% in the last 4 days.
Total 0.96 lakh shares changed hands amounting…
