PNB Housing Finance surpasses promoter PNB in market cap
The market capitalisation of PNB Housing Finance has surpassed its promoter PNB after the latter eroded over half of its value following the $2.1-billion fraud by Nirav Modi. The market value of PNB Housing Finance stands at â¹21,122 crore, while PNB has market capitalisation of â¹20,856 crore. PNB currently owns a 32.96% stake in PNB Housing. 