Poonawalla Fincorp Likely to Launch ₹5,000-Crore QIP: Sources
According to market sources, Poonawalla Fincorp is preparing to launch a Qualified Institutional Placement (QIP) worth ₹5,000 crore, marking one of its largest fundraising initiatives to date. The move comes as the non-banking financial company (NBFC) looks to strengthen its capital base, expand lending operations, and position itself for long-term growth in India’s competitive financial…