Lodha Developers

Poonawalla Fincorp raises Rs 2,500 crore through QIP, sees strong participation from institutional investors and long-term funds. The issue price of Rs 370.75 per share was at a 5% discount to the floor price, with proceeds of Rs 2,500 crore. The company’s Q4 results will be released on May 5, with strong performance in the last three quarters and improved asset quality.