Poonawalla Fincorp gains on getting nod to raise funds up to Rs 425 crore through NCDs
Poonawalla Fincorp is currently trading at Rs. 389.85, up by 1.65 points or 0.43% from its previous closing of Rs. 388.20 on the BSE.
The scrip opened at Rs. 392.55 and has touched a high and low of Rs. 394.75 and Rs. 388.20 respectively. So far 40136 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.95 on 19-Jan-2024 and a 52 week low of Rs. 336.35 on 03-Nov-2023.
Last one week high and low of the scrip stood at Rs. 413.50 and Rs. 386.00 respectively. The current market cap of the company is Rs. 30176.54 crore.
The promoters holding in the company stood at 62.09%, while Institutions and Non-Institutions held 14.62% and 23.28% respectively.
Poonawalla Fincorp has received approval from Finance Committee, as authorized by the Board of Directors to raise funds through issuance of secured, rated, listed, redeemable, non-convertible debentures (NCDs) of face value of Rs 1,00,000 each for an amount aggregating up to Rs 300 crore (Base Issue Size) with a green shoe option of up to Rs 125 crore (Green Shoe Option) total aggregating up to Rs 425 crore (Issue or Issue Size) in one or multiple series through Private Placement.
Poonawalla Fincorp (Formerly known as Magma Fincorp) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).
