|
Poonawalla Fincorp announced the successful completion of its Qualified Institutions Placement (QIP), raising Rs 2,500 crore. The issue saw strong participation from institutional investors, long-term funds, reflecting continued confidence in the Company's strategy and growth outlook. Key Transaction Highlights: - The Company issued 67,430,883 equity shares of face value Rs 2 each to Qualified Institutional Buyers (QIBs) at an issue price of Rs 370.75 per equity share. The issue price represents a 5% discount to the floor price of Rs 390.26 per equity share, resulting in aggregate proceeds of Rs 2,500 crore.
- The QIP, which opened on 09 April 2026, and closed on 13 April 2026, saw subscription from a diversified pool of investors, including Domestic Mutual Funds (MFs), Domestic Insurance Companies, and Foreign Institutional Investors (FIIs).
|