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.