Poonawalla Fincorp Limited — QIP/Rights/Pref., 19-05-2025: Allotment of Securities
19-05-2025 | 05:07 pm
19-05-2025 | 05:07 pm
The company allotted 1,00,000 equity shares at ₹150 each to qualified institutional buyers (QIBs), raising ₹1.5 crore. This infusion strengthens the company's capital base without impacting promoter holdings. The fresh fund will be used for business expansion and debt reduction, enhancing financial flexibility. No change in promoter shareholding percentage was observed post-allotment. This capital raise positions the company for steady growth and operational improvements.
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