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PNB Housing Finance to raise up to 100B rupees in debt

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PNB Housing Finance to raise up to 100B rupees in debt

PNB Housing Finance Ltd. plans to raise up to 100 billion Indian rupees in nonconvertible debentures, according to an Oct. 16 stock exchange.

The debentures will be issued in tranches, the company said.

As of Oct. 15, US$1 was equivalent to 71.49 Indian rupees.