Poonawalla Fincorp rises on getting nod to raise up to Rs 1,000 crore
Poonawalla Fincorp is currently trading at Rs. 456.25, up by 4.60 points or 1.02% from its previous closing of Rs. 451.65 on the BSE.
The scrip opened at Rs. 456.35 and has touched a high and low of Rs. 461.10 and Rs. 454.25 respectively. So far 42064 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 570.40 on 06-Oct-2025 and a 52 week low of Rs. 362.55 on 07-May-2025.
Last one week high and low of the scrip stood at Rs. 464.90 and Rs. 388.00 respectively. The current market cap of the company is Rs. 40406.54 crore.
The promoters holding in the company stood at 63.93%, while Institutions and Non-Institutions held 21.42% and 14.66% respectively.
Poonawalla Fincorp has received approval from Finance Committee for issuance of secured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1,00,000 (NCDs) for an amount aggregating up to Rs 1,000 crore, in dematerialized form, through private placement.
