Poonawalla Fincorp allots 63,468 ESOP shares, paid-up capital at ₹176.12 crore
Poonawalla Fincorp allotted 63,468 equity shares of ₹2 face value under its ESOP schemes. Following the allotment, total paid-up equity share capital stands at ₹176.12 crore. The allotment was made under the company's existing Employee Stock Option Plan schemes.
Poonawalla Fincorp has approved the issuance of Non-Convertible Debentures worth ₹2 billion. The disclosure covers the instrument type and issue size. No additional details such as coupon rate, tenor, or credit rating were available in the source data.
Poonawalla Fincorp Says No Additional Fundraising Required in FY27 Currently
Poonawalla Fincorp has communicated that it currently does not require additional fundraising in FY27. The statement reflects the company's confidence in its existing capital and liquidity position for the fiscal year. No further financial figures or operational details were disclosed alongside the announcement.
Jefferies Initiates Coverage on Poonawalla Fincorp with Buy Rating and Target Price of ₹490
Jefferies initiated coverage on Poonawalla Fincorp with a Buy rating and a target price of ₹490, citing a new leadership team, product expansion, network build-out, and stronger underwriting as key catalysts. The brokerage projects a 33% AUM CAGR alongside improved net interest margins and lower credit costs, expected to drive sharp earnings growth. ROA/ROE is forecast to expand significantly to 16% by FY29, up from 6% in FY26, reflecting a substantial improvement in the company's return profile over the period.