Poonawalla Fincorp Limited — Others, 25-07-2025: Shareholders meeting

Poonawalla Fincorp is seeking shareholder approval for key growth initiatives. The company plans a preferential issue of 3.31 crore equity shares to its promoter, Rising Sun Holdings, at Rs. 452.51 per share, raising approximately Rs. 1500 Crore. This capital injection aims to strengthen funding and support their ambitious target of 5-6x Assets Under Management (AUM) growth over five years. Post-issue, the promoter stake will increase from 62.46% to 63.99%. Shareholders will also vote to significantly increase the company's borrowing powers to Rs. 75,000 Crore and to permit creation of security on assets to facilitate this expanded borrowing. This move is crucial for enhancing lending capacity and supporting long-term business objectives.