Poonawalla Fincorp Ltd (PFL) has raised ₹2,500 crore via a Qualified Institutions Placement (QIP) at an issue price of ₹370.75 per equity share, representing a 5% discount to the floor price of ₹390.26 per equity share.

The Cyrus Poonawalla Group promoted non-deposit taking systemically important non-banking finance company (ND-SI-NBFC) issued 67,430,883 equity shares of face value ₹2 each to Qualified Institutional Buyers (“QIBs”).

The QIP, which opened on April 9, 2026, and closed on April 13, 2026, saw subscription from a diversified pool of investors, including Domestic Mutual Funds (“MFs”), Domestic Insurance Companies, and Foreign Institutional Investors (“FIIs”), per a company statement.

PFL had assets under management of ₹55,017 crore as on December 31, 2025. Its financial services offerings include Loan Against Property, Gold Loans, Prime Personal Loans, Education Loans, Consumer Durable Loans, Business Loans, among others.

Published on April 14, 2026