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Poonawalla Fincorp planning to raise Rs 4000 crore

12 Jan 2023 Evaluate

Poonawalla Fincorp is planning to raise funds through issuance of Non-Convertible Debt Securities on private placement basis aggregating upto Rs 4000 crore during the financial year 2023-2024. The Board of Directors at their meeting to be held on January 23, 2023, will consider the same.

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

Peers
Company Name CMP
Bajaj Finance 1034.20
Shriram Finance 1028.00
Aditya Birla Capital 398.60
Tata Capital 362.80
Chola Invest & Fin. 1845.00
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