SAM, CAM act on Poonawalla Fincorp on ₹2,500 crore QIP

Poonawalla Fincorp Limited has raised approximately ₹2,500 crore from a qualified institutions placement (QIP) of equity shares.

Shardul Amarchand Mangaldas & Co advised Poonawalla Fincorp on this QIP.

The transaction team was led by Nikhil Naredi (Partner) and Shubhangi Garg (Partner), with support from Shweta Singh (Senior Associate), Associates Aryan Gupta and Soham Chakraborty.

Ankeeta Parhi (Principal Associate) and Associates Dhwanit Rathor and Gaurangi Pande, provided valuable contribution on the transaction.

Cyril Amarchand Mangaldas advised the placement agents Kotak Mahindra Capital Company Limited, Jefferies India Private Limited, and J.P. Morgan India Private Limited, on this QIP.

The transaction team was led by Manan Lahoty (Partner, Head - Capital Markets) and Manshoor Nazki (Partner, Regional Co-Head - Capital Markets - South), with support from Anjali Menon (Principal Associate), Veena Raghav (Senior Associate Designate), Associates Bhaskar Kumar, Aarya Maheshwari, Medha Biswas, and Naman Kulshrestha.

Poonawalla Fincorp is a NBFC promoted by the Cyrus Poonawalla group. It primarily focuses on consumer and MSME financing. The company also offers general insurance services.

The net proceeds of the Issue are proposed to be used for augmenting the Company’s assets under management, strengthening its capital base, and repaying or prepaying certain existing borrowings.

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