Poonawalla Fincorp Allots ₹25,000 Crore QIP

Poonawalla Fincorp Limited completed a ₹25,000 million qualified institutions placement (QIP) by allotting 67.43 million equity shares at ₹370.75 per share.
The company's paid-up equity share capital increased from ₹1,625.64 million (812.82 million shares) to ₹1,760.50 million (880.25 million shares) post-allotment.
Major allottees included Kotak Mutual Fund schemes (24% of issue), Nippon India Small Cap Fund (12%), and Société Générale (9.33%).