21 Jun 2025

Poonawalla Fincorp Gains Slightly; Approves RS. 1600 Crore Fundraise via NCDs

Poonawalla Fincorp is currently trading at RS. 413.10, up by 1.50 points or 0.36% from its previous closing of RS. 411.60 on the BSE.

The stock opened at RS. 403.95 and has touched an intraday high of RS. 421.00 and a low of RS. 403.95. A total of 32,011 shares have been traded so far.

This BSE group 'A' stock, with a face value of RS. 2, hit a 52-week high of RS. 436.65 on July 8, 2024, and a 52-week low of RS. 267.25 on March 4, 2025. Over the past week, the stock has moved between RS. 427.70 and RS. 408.35. The company's current market capitalization stands at RS. 32,177.15 crore.

As per the shareholding pattern, promoters hold 62.53%, while institutions and non-institutions hold 20.13% and 17.33% respectively.

In a key development, Poonawalla Fincorp has received approval from its Finance Committee to raise RS. 1600 crore through the issuance of 1,60,000 secured, redeemable, rated, listed non-convertible debentures (NCDs), each with a face value of RS. 1,00,000 via private placement.

The approval was granted by the Finance Committee, authorized by the Board of Directors, on June 20, 2025.

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