Fundraise / allotmentNotableFiled on BSE ·

Poonawalla Fincorp raises ₹2,500 crore via Qualified Institutions Placement (QIP)

Poonawalla Fincorp · Finance

Arthneeti Research DeskPublished 1 min read
₹2,500 CrFundraise / allotment

Key highlights

  • Issued 67,430,883 equity shares at ₹370.75 each, a 5% discount to floor price ₹390.26
  • QIP subscription from Domestic Mutual Funds, Insurance Companies, Foreign Institutional Investors
  • Book Running Lead Managers: Kotak Mahindra, Jefferies India, J.P. Morgan; legal counsels appointed

Why it's rated notable: amount is ₹500 crore or more

Original filing

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.