Poonawalla Fincorp Limited has informed the Exchange regarding a press release dated April 13, 2026, titled "Poonawalla Fincorp Successfully Raises ₹2,500 crore via QIP".
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Poonawalla Fincorp Limited has completed a Qualified Institutions Placement (QIP), raising ₹2,500 crore by issuing 6.74 crore equity shares at ₹370.75 per share. The issue price represents a 5% discount to the floor price of ₹390.26 per share. The QIP opened on April 9, 2026, and closed on April 13, 2026. The placement saw participation from domestic mutual funds, insurance companies, and foreign institutional investors. The funds will be used to support growth opportunities, expand lending operations, and diversify the company's asset portfolio. As of December 2025, Poonawalla Fincorp has an AUM of ₹55,017 crore.
The successful ₹2,500 crore fundraise demonstrates strong institutional confidence in Poonawalla Fincorp's growth strategy. The 5% discount to floor price is a typical feature of QIPs to attract institutional participation and provides some cushion for market price stability.