PNB Housing to raise Rs 2,493.76 crore through rights issue

The Board of Directors of PNB Housing Finance Limited at its meeting held on March 28, 2023, has inter alia considered and approved the following terms of the Rights Issue:
a. Instrument: Fully paid-up Equity Shares of face value of Rs 10 each;
b. Total number of Equity Shares and Rights Issue size: 9,06,81,828 fully paid-up Equity Shares each for
amount aggregating up to Rs 2,493.76 crore;
c. Rights Issue Price: Rs 275 per fully paid-up Equity Share (including a premium of Rs 265 per Equity Share);
d. Record Date: Wednesday, April 05, 2023 designated for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue (“Eligible Equity Shareholders”);
e. Rights Issue period: Rights Issue Opening Date: Thursday, April 13, 2023; Rights Issue Closing Date: Thursday, April 27, 2023;
f. Rights Entitlement Ratio: 29:54 (Number of Rights Equity Shares that an Eligible Equity Shareholder is entitled to in proportion to the number of Equity Shares held by such Eligible Equity Shareholder on the Record Date, in this case being 29 Rights Equity Shares for every 54 Equity Shares held by an Eligible Equity Shareholder.)