Poonawalla Fincorp Ltd has approved the allotment of 3.31 crore fully paid-up equity shares on a preferential basis to its promoter, Rising Sun Holdings Pvt Ltd, raising about ₹1,499.98 crore.
The shares were allotted at a floor price of ₹452.51 per share (including premium), according to the company’s exchange filing.
Impact on Share Capital
Following the allotment:
- The company’s paid-up equity share capital increased from ₹155.84 crore to ₹162.47 crore.
- The number of shares rose from 77.92 crore to 81.23 crore.
Other Details
The newly allotted equity shares will rank pari-passu with existing equity shares in all respects. The preferential issue had earlier received in-principle approvals from both NSE and BSE.
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