PNB Housing Finance has successfully completed the allotment of 30,000 listed, secured, rated, taxable, redeemable Non-Convertible Debentures (NCDs) through private placement via the Electronic Book Provider platform of the National Stock Exchange. The housing finance company raised ₹300 crore through this debt instrument offering on March 30, 2026, marking a significant fundraising achievement.

NCD Allotment Details

The Management Committee for allotment of NCDs, authorized by the Board of Directors, approved the allotment of debentures with a face value of ₹1,00,000 each. The debentures are structured under the PNB Housing Finance Limited 2029 Series LXXV - Floating category and will be listed on the Wholesale Debt Market segment of NSE.

Interest Rate Structure

The NCDs feature a floating rate structure with an initial coupon rate of 7.10%. After the first coupon period, the interest rate will be linked to the 3 Month Treasury Bill benchmark rate published by Financial Benchmarks India Pvt. Ltd. plus a spread of 187 basis points. Interest payments are scheduled quarterly on specific dates including June 30, September 30, December 30, and March 30 of each year until maturity.

Security and Redemption Features

The debentures are secured by an exclusive charge on specific book debts of the company with a minimum security coverage of 1 time. The principal amount will be repaid in full at maturity on March 30, 2029. In case of payment default beyond three months from the due date, the company will pay additional interest of 2% per annum over the coupon rate for the defaulting period.

Capital Market Significance

This successful private placement demonstrates PNB Housing Finance's continued ability to access capital markets and attract institutional investor interest. The completion of this ₹300 crore fundraising through the NSE platform reflects strong investor confidence in the company's debt instruments and overall financial standing in the housing finance sector.

Source: Company/INE572E01012/bb0df9b5-5816-4084-be80-93ee0c00e395.pdf

PNB Housing Finance Limited has announced the allotment of 41,015 equity shares on March 20, 2026, following the exercise of stock options and restricted stock units by eligible employees. The allotment was executed under three employee benefit schemes operated by the housing finance company.

Share Allotment Details

The company allotted equity shares with distinctive numbers ranging from 26,05,08,564 to 26,05,49,578, each carrying a nominal value of INR 10. The allotment was made pursuant to the exercise of options under ESOP Scheme 2018, RSU Scheme 2020, and ESOP Scheme 2022.

Updated Share Capital Structure

Following the allotment, PNB Housing Finance's paid-up equity share capital has increased to INR 2,60,54,95,780, consisting of 26,05,49,578 equity shares of INR 10 each. The newly allotted shares will rank pari-passu with existing equity shares of the company.

Exercise Price Structure

The exercise prices varied across different schemes, reflecting the market conditions at the time of grant:

Regulatory Compliance

The allotment was made in compliance with SEBI (LODR) Regulations, 2015, and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has provided detailed disclosures as required under Regulation 30 of SEBI (LODR) Regulations and Regulation 10(c) of SEBI SBEB Regulations.

Listing and Next Steps

PNB Housing Finance will apply for listing of the newly allotted equity shares on National Stock Exchange of India Limited and BSE Limited in due course. The diluted earnings per share pursuant to the issue stands at 78.67, calculated on a provisional basis using profit for February 2026.