PNB Housing Finance jumps on debut after $450 million IPO | Reuters

MUMBAI Shares in PNB Housing Finance Ltd rose as much as 16.1 percent on their market debut on Monday after the company's $450 million initial public offering.The stock opened at 860 rupees on the National Stock Exchange, and rose to a high of 900 rupees as of 0434 GMT, compared with the IPO issue price of 775 rupees.PNB Housing Finance's IPO was India's second-largest this year.

($1 = 66.6999 Indian rupees)

(Reporting by Devidutta Tripathy and Swati Bhat; Editing by Gopakumar Warrier)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Nov 07, 2016 23:15 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See