Secondary Issues
NBFC Poonawalla Fincorp raises Rs.2,500-Cr via QIP
Pune-based non-banking financial company (NBFC) Poonawalla Fincorp Ltd (PFL) has raised INR 2,500 crore through a Qualified Institutions Placement (QIP) which saw participation from a diversified pool of investors, including domestic mutual funds, insurance companies, and foreign institutional investors.The firm had issued 67,430,883 equity shares at INR 370.75 per equity share, representing a 5% discount to the floor price of INR 390.26 per equity share.
Between Feb 2006 and May 2015, Poonawalla Fincorp had attracted about USD 265 M from FMO, CPIM Funds, IFC, KKR, ChrysCapital, LeapFrog and TrueNorth.For FY25, Poonawalla Fincorp had reported about INR 4,190 Cr in Operating Income and about INR 98 Cr in Net Loss.
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