Poonawalla Fincorp hits record high after fund infusion
Poonawalla Fincorp shares jumped over 12% to a 52-week high after the board approved a ₹1,500 crore infusion from promoter Rising Sun Holdings through preferential allotment at ₹452.51 per share. The move will raise promoter stake to 63.97% from 62.43%, improve book value per share, and strengthen the company’s balance sheet.