PNB Housing Finance sets IPO price band between Rs 750-775 per share
PNB Housing, owned by Punjab National Bank and private equity firm Carlyle Group LP , is looking to sell between 38.7 million and 40 million new shares in an indicative range of 750-775 rupees, added IFR, a Thomson Reuters publication. That would put the IPO at up to 30 billion rupees ($450 million).
A money lender counts Indian rupee currency notes at his shop in Ahmedabad. Pic: Reuters