India: PNB Housing Finance to launch $375m IPO in October

India: PNB Housing Finance to launch $375m IPO in October

PNB Housing Finance Ltd, the housing finance unit of state-run Punjab National Bank (PNB), plans to launch its Rs2,500 crore initial public offering (IPO) in October, said two people aware of the development. Once launched, it will be 2016’s second largest IPO after ICICI Prudential Life Insurance Ltd’s Rs6,000 crore initial share sale.

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