Non Banking Financial Company (NBFC)
New Launch9 April 2026 at 02:41 pm

Poonawalla Fincorp Ltd. Announces Issue of Equity Shares at ₹ 390.26 Floor Price

AI Summary

Poonawalla Fincorp Ltd. announced that the Committee of Directors comprising of the Board of Directors has passed resolutions for the authorisation of the opening of the Issue, approval and adoption of the preliminary placement document, and approval of the floor price for the Issue at ₹ 390.26 per Equity Share. The Issue price will be determined in consultation with the appointed book running lead managers. The ‘relevant date’ for the purpose of the Issue is April 9, 2026, and the Company may offer a discount of not more than 5% on the floor price. The trading window for dealing in the securities of the Company has been closed for all Designated Persons as defined in the Code.

Key Highlights

  • Poonawalla Fincorp Ltd. to issue Equity Shares
  • Floor price set at ₹ 390.26 per Equity Share
  • Issue price to be determined in consultation with appointed book running lead managers
  • Company may offer a discount of up to 5% on the floor price
  • Trading window closed for all Designated Persons as per the Code