Archive · 1 Aug 2025
PNB Housing Finance Shares Plunge After CEO Resignation
The CEO of PNB Housing Finance, Girish Kousgi, is leaving his position.
This caused the company's stock price to fall sharply.
Kousgi will officially step down at the end of October.
Analysts are concerned because he was seen as key to the company's focus on affordable housing.
The company's assets in that area have grown.
His departure raises questions about whether this strategy will continue.
The company says its priorities remain the same.
The stock drop was the largest in nearly seven years.
PNB Housing Finance shares dropped over 17% after the CEO's resignation.
Girish Kousgi will step down as MD and CEO on October 28.
His resignation raised concerns about the company's affordable housing strategy.
The search for a new CEO has begun.
PNB Housing's affordable housing assets doubled year-on-year.
- Who
- Girish Kousgi
- What
- Girish Kousgi resigned as MD & CEO of PNB Housing Finance.
- When
- Effective October 28, 2025.
- Where
- PNB Housing Finance
- Why
- Unknown; he is leaving to pursue career aspirations outside the company. Concerns were raised about the continuity of the company's strategic shift towards affordable and emerging housing.
- Company
- PNB Housing Finance
- Executive
- Girish Kousgi
- Position
- MD & CEO
- Resignation Date
- Effective October 28, 2025
- Share Price Impact
- Down over 17%
- Stock drop
- Steepest fall since October 19, 2018
- Segment
- Affordable Housing
Sources
Girish Kousgi to step down as MD and CEO of PNB Housing Finance
PNB Housing Finance share price crashes 10%, hits lower price band as MD and CEO resigns
Stock Crash: PNB Housing shares tank over 15% after CEO Girish Kousgi quits
PNB Housing Finance shares crashed 18% today; what HFC says
PNB Housing shares crash 18% on CEO exit; here's what analysts say
PNB Housing Finance assures smooth transition, strategic continuity amid MD & CEO’s exit; schedules investor call on Aug 4
