PNB Housing plans to expand biz

BIZ

New Delhi: PNB Housing Finance, which has set the ball rolling for a `2,500crore IPO, is looking to take its growth to the next level with a pan-India expansion to meet surging demand from tier-II and tier-III cities, a top company executive said. “We want to build our footprint pan-India. At present, we have 48 branches at 28 locations. There are at least 60 more locations that have a population of more than 8-9 million. So, that is our aim to go with,” Sanjaya Gupta, MD, PNB Housing Finance said. Mr Gupta said the IPO is likely to hit the market by October. – PTI