Poonawalla Fincorp moves up on getting RBI`s permission to issue co-branded credit card with IndusInd Bank
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Poonawalla Fincorp is currently trading at Rs. 378.90, up by 6.45 points or 1.73% from its previous closing of Rs. 372.45 on the BSE.
The scrip opened at Rs. 374.75 and has touched a high and low of Rs. 380.15 and Rs. 374.25 respectively. So far 16268 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 451.80 on 08-Aug-2023 and a 52 week low of Rs. 243.75 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 385.00 and Rs. 370.00 respectively. The current market cap of the company is Rs. 28620.10 crore.
The promoters holding in the company stood at 62.12%, while Institutions and Non-Institutions held 15.17% and 22.71% respectively.
Poonawalla Fincorp has received permission from the Reserve Bank of India (RBI) to issue co-branded credit card with IndusInd Bank. The company envisages to launch this credit card within three months. This partnership will enable Poonawalla Fincorp to usher in a new age of flexible and versatile retail credit. With this launch, customers will get access to best-in-class customer centric credit card product.
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).
