Shares of PNB Housing Finance Ltd plunged 18% after touching a day’s excessive of Rs 883.10 on 1st August, following the announcement that its MD & CEO, Girish Kousgi, has resigned and can step down from his function efficient twenty eighth October, 2025, to pursue profession alternatives exterior the organisation.
PNB Housing acknowledged that Kousgi will collaborate with the Board and senior administration to make sure a seamless transition. It added that the corporate’s technique, enterprise focus, and development plans stay intact, backed by the robust basis Kousgi helped construct. The Board expressed confidence in its high-performing group to proceed delivering development, robust asset high quality, and wholesome margins.
As of June 2025, promoters held a 28.08% stake within the firm.
Presently, the agency’s market capitalisation stands at round Rs 21,198 crore. The inventory has given unfavourable returns of virtually 10.5% year-to-date.
At 1:43 PM, the shares of PNB Housing had been buying and selling 17.44% decrease at Rs 814.25 on NSE.
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