Poonawalla Fincorp Limited has successfully raised Rs 2,500 crore through a Qualified Institutions Placement (QIP) to support its lending expansion and diversify its asset portfolio.
The company issued over 6.7 crore equity shares to qualified institutional buyers at Rs 370.75 per share, attracting strong participation from domestic mutual funds, insurance companies, and foreign institutional investors.
The capital infusion is aimed at strengthening the company’s balance sheet, enabling it to scale lending operations and capitalize on emerging growth opportunities across segments.
The successful fundraising reflects continued investor confidence in the company’s long-term strategy and growth outlook.
Send news announcements/press releases to:
editor@thefoundermedia.com
