Poonawalla Fincorp surges on raising Rs 150 crore through NCDs
Poonawalla Fincorp is currently trading at Rs. 309.60, up by 7.25 points or 2.40% from its previous closing of Rs. 302.35 on the BSE.
The scrip opened at Rs. 301.10 and has touched a high and low of Rs. 310.50 and Rs. 301.10 respectively. So far 47723 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. 270.00 on 28-Oct-2024.
Last one week high and low of the scrip stood at Rs. 325.00 and Rs. 300.55 respectively. The current market cap of the company is Rs. 24082.72 crore.
The promoters holding in the company stood at 62.36%, while Institutions and Non-Institutions held 19.03% and 18.61% respectively.
Poonawalla Fincorp has raised Rs 150 crore through allotment of 15,000 secured, redeemable, rated, listed, non-convertible debentures (NCDs) of the face value of Rs 1,00,000 each through private placement.
The company has allotted 15,000 secured, redeemable, rated, listed, non-convertible debentures of the face value of Rs. 1,00,000 each issued at a discount of Rs 63 per debenture and accrued interest of Rs 1474 per debenture, aggregating to subscription amount of Rs 152.11 crore through private placement. Maturity of the said NCDs will be on November 07, 2029.
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).
