Poonawalla Fincorp Limited raises ₹2,500 crore via QIP to fund growth plans

Poonawalla Fincorp successfully raised ₹2,500 crore through a qualified institutions placement, issuing 6.74 crore equity shares at ₹370.75 each. The capital infusion, supported by strong institutional investor participation, will bolster the non-banking finance company's capital base to fuel growth opportunities and expand lending operations.