Poonawalla Fincorp raises ₹2,500 crore through QIP at ₹370.75 per share, marking a 5% discount to the floor price of ₹390.26. The Cyrus Poonawalla Group-backed non-banking finance company issued 67.43 million equity shares to qualified institutional buyers, including domestic mutual funds, insurance companies, and foreign institutional investors. The placement, which ran from April 9 to April 13, demonstrated strong institutional demand. With assets under management of ₹55,017 crore as of December 31, 2025, PFL offers diverse financial services including loans against property, gold loans, personal loans, education loans, and business loans. This capital raise strengthens the company's balance sheet and positions it for expanded lending operations in India's growing financial services sector.
