In a filing to the stock exchanges on Wednesday evening, the Board of Directors of Poonawalla Fincorp said it had approved the allotment of 3,31,48,102 fully paid-up equity shares of face value Rs 2 each for Rs 452.51 per share, including a premium of Rs 450.51 per share. The total fund infusion aggregates to Rs 1,499.98 crore.
“We wish to inform that the Board of Directors of Poonawalla Fincorp Limited (“Company”), today, i.e. September 17, 2025, approved the allotment of 3,31,48,102 (Three Crore Thirty-One Lakh Forty-Eight Thousand One Hundred and Two) fully paid-up equity shares of the Company, having face value of Rs. 2/- each, at an issue price of Rs. 452.51/- per equity share [including premium of Rs. 450.51/- (Rupees Four Hundred and Fifty and Fifty-One Paise only) per equity share], aggregating to Rs. 1499,98,47,636.02 to Rising Sun Holdings,” the company said in a regulatory filing.
Poonawalla Fincorp noted that the new equity shares will rank pari-passu in all respects with the existing shares, meaning they will carry the same rights for voting and dividends as those already in circulation.
Following this allotment, the company’s issued, subscribed, and paid-up share capital has increased from Rs 155.84 crore (77.92 crore equity shares) to Rs 162.47 crore (81.23 crore equity shares), reflecting the inclusion of the new shares.
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Poonawalla Fiorp had earlier obtained in-principle approvals from both the National Stock Exchange of India and BSE Limited on September 15, to issue the shares on a preferential basis in compliance with SEBI’s regulations on preferential issues.
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