PNB Housing may go for IPO

January 2016, Business

PNB Housing Finance is the, the country’s fifth-largest housing Finance Company, which may go for an initial public offering (IPO) in mid-2017. The company is betting on the robust growth in its lending portfolio from Tier-2 and Tier-3 cities and affordable housing segment in metropolitan cities.
 “Public spending will have to come to the forefront to boost the sentiment of our people to once again start transacting,” Mr. Gupta said.
This investment must come mainly in infrastructure, roads, logistics, railways and warehousing.
While the metros account for the bulk of the housing finance business, growth was coming from the smaller cities, he said.

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