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Poonawalla Fincorp LimitedQIP/Rights/Pref., 25-07-2025: Preferential issue

25-07-2025 | 06:46 pm

Poonawalla Fincorp's board meeting on July 25, 2025, approved a major capital raise along with the financial results for the quarter ended June 30, 2025. The company will issue 3.31 Crore new equity shares at Rs. 452.51 each, aiming to raise approximately Rs. 1500 Crore. This preferential allotment is to the existing promoter, Rising Sun Holdings Private Limited, as the sole investor. This strategic capital infusion is set to strengthen Poonawalla Fincorp's financial position, underscore promoter confidence, and fuel its growth trajectory in the competitive NBFC sector.

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