ALPHA TRIBE

Poonawalla Fincorp LimitedImportant, 09-04-2026: Committee Meeting Updates

09-04-2026 | 07:57 pm

Poonawalla Fincorp Limited has commenced a Qualified Institutions Placement (QIP) following approval from its Committee of Directors. The committee authorized the QIP's opening and approved the preliminary placement document. The floor price for the equity shares has been set at ₹ 390.26 per share. This capital raising initiative aims to strengthen the company's financial position and support future growth. The final issue price may include a discount of up to 5% on the floor price, to be determined in consultation with lead managers.

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