Poonawalla Fincorp Fund Raise of ₹20,000 Cr
Poonawalla Fincorp approved Rs. 20,000 Crore fund raise via private placement of debt securities. The unsecured Tier II debentures mature in 2036.
- Value
- ₹20,000 Cr
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Poonawalla Fincorp approved Rs. 20,000 Crore fund raise via private placement of debt securities. The unsecured Tier II debentures mature in 2036.
Poonawalla Fincorp Limited has successfully completed a fund raise through a Qualified Institutional Placement (QIP). The company allotted 67,430,883 new equity shares, increasing its total paid-up share capital from 812,817,658 to 880,248,541 shares. This capital infusion strengthens the company's financial position for future growth.
Poonawalla Fincorp Limited successfully raised ₹2,500 Crore through a Qualified Institutions Placement (QIP). The company issued 67,430,883 equity shares at ₹370.75 per share to institutional investors. The funds will support growth opportunities, expand lending operations, and diversify its asset portfolio.
Poonawalla Fincorp Limited successfully allotted 67,430,883 equity shares via a Qualified Institutions Placement (QIP) at ₹370.75 per share, raising ₹2,500 Crore. The issue, which included a 5% discount to the floor price, will strengthen the company's capital base. Following the allotment, the paid-up equity share capital increased to ₹1,760,497,082.
Poonawalla Fincorp Limited successfully closed its Qualified Institutions Placement (QIP) on April 13, 2026, raising approximately ₹2500.00 Crore. The company allotted 67,430,883 shares at ₹370.75 per share, representing a 5% discount to the floor price. The capital raise strengthens the company's financial position for future growth.
Poonawalla Fincorp Limited has launched a Qualified Institutions Placement (QIP) of equity shares. The Committee of Directors approved a floor price of ₹390.26 per share. This capital raise follows shareholder approval from February 2026 and aims to strengthen the company's financial position through new equity issuance.