Poonawalla Fincorp's stock was trading at ₹389.85 on the BSE, marking an increase of 1.65 points or 0.43% compared to its previous close of ₹388.20.

The stock opened at ₹392.55 and fluctuated between a high of ₹394.75 and a low of ₹388.20 during the session, with a trading volume of 40,136 shares. Over the past week, the stock hit a high of ₹413.50 and a low of ₹386.00.

Currently, the market capitalization of the company stands at ₹30,176.54 crore. The stock, which belongs to the BSE group 'A', has a face value of ₹2. It reached its 52-week high of ₹519.95 on January 19, 2024, and a 52-week low of ₹336.35 on November 3, 2023.

Promoters hold 62.09% of the company's shares, while institutional investors own 14.62% and non-institutional investors hold 23.28%.

Poonawalla Fincorp has received approval from its Finance Committee to raise up to ₹425 crore by issuing secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each. This includes a base issue size of ₹300 crore, with an additional green shoe option of ₹125 crore. The fundraising will take place through a private placement.

Poonawalla Fincorp, previously known as Magma Fincorp, is a non-deposit-taking systemically important non-banking financial company (ND-SI-NBFC) regulated by the Reserve Bank of India (RBI).