Poonawalla Fincorp Limited has successfully completed its qualified institutions placement (QIP), raising ₹2,500 crore through the issuance of 67,430,883 equity shares. The QIP, which opened on April 9, 2026, and closed on April 13, 2026, was priced at ₹370.75 per equity share, representing a 5% discount to the floor price of ₹390.26 per share.

QIP Allotment and Capital Structure Impact

The Committee of Directors approved the allotment on April 13, 2026, with the issue price including a premium of ₹368.75 per equity share. Following the allotment, the company's paid-up equity share capital increased from ₹1,625,635,316 comprising 812,817,658 equity shares to ₹1,760,497,082 comprising 880,248,541 equity shares.

Major Institutional Investors

The QIP witnessed strong participation from qualified institutional buyers, with several investors receiving significant allocations. Kotak mutual funds emerged as major participants, with Kotak Large & Midcap Fund and Nippon India Small Cap Fund each receiving 12% of the total offering.

Regulatory Compliance and Framework

The QIP was conducted under Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and relevant sections of the Companies Act, 2013. The placement received initial Board of Directors approval on January 16, 2026, followed by shareholder approval through special resolution via postal ballot on February 19, 2026.

Investment Banking and Advisory Services

Kotak Mahindra Capital Company Limited, Jefferies India Private Limited, and J.P. Morgan India Private Limited served as Book Running Lead Managers for the QIP. Shardul Amarchand Mangaldas & Co. acted as legal counsel to the company, while Cyril Amarchand Mangaldas and Sidley Austin Singapore Pte. Ltd. provided legal counsel to the Book Running Lead Managers.

Company Profile and Business Operations

Poonawalla Fincorp Limited operates as a non-deposit taking systemically important non-banking finance company registered with the Reserve Bank of India. As of December 31, 2025, the company maintained assets under management of ₹55,017 crore and employed 5,264 people across its operations.

The company's diversified financial services portfolio includes loan against property, gold loans, personal loans, education loans, business loans, commercial vehicle loans, and various other lending products targeting different customer segments.

Kotak Mahindra Mutual Fund has disclosed crossing the 5% shareholding threshold in Poonawalla Fincorp Limited following a recent acquisition of equity shares through open market transactions. The disclosure was made in compliance with SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.

Share Acquisition Details

The mutual fund acquired 702,046 additional equity shares of Poonawalla Fincorp on April 07, 2026, through open market purchases. This acquisition increased Kotak Mahindra Mutual Fund's total holding in the company from 40,128,440 shares to 40,830,486 shares.

Regulatory Compliance

The acquisition triggered the mandatory disclosure requirement under Regulation 29(1) of SEBI SAST Regulations as the mutual fund's holding crossed the 5.00% threshold. Kotak Mahindra Mutual Fund confirmed that it does not belong to the promoter or promoter group of Poonawalla Fincorp Limited.

Company Profile

Poonawalla Fincorp Limited's equity shares are listed on both BSE Limited and the National Stock Exchange of India Limited. The company has a total equity share capital of 81,28,17,658 equity shares of Rs. 2 each, which remained unchanged before and after the acquisition.

Investment Structure

The shares were acquired through various schemes of Kotak Mahindra Mutual Fund, with Kotak Mahindra Asset Management Company Limited serving as the investment manager. The acquisition was executed through regular open market transactions without any special features or conversion rights attached to the securities.

The disclosure was signed by Jolly Bhatt, Compliance Officer at Kotak Mahindra Asset Management Company Limited, and submitted to the stock exchanges for record.