Shardul Amarchand Mangaldas & Co. acted as legal counsel to Poonawalla Fincorp Limited on its qualified institutions placement (QIP) of equity shares, through which the company raised approximately INR 2,500 crore. Cyril Amarchand Mangaldas advised Kotak Mahindra Capital Company Limited, Jefferies India Private Limited, and J.P. Morgan India Private Limited on the qualified institutions placement of equity shares of Poonawala Fincorp Limited.
The net proceeds of the Issue are proposed to be used for augmenting Poonawalla Fincorp’s assets under management, strengthening its capital base, and repaying or prepaying certain existing borrowings.
Read More: Poonawalla Fincorp Limited raises ₹2,500 crore via QIP to fund growth plans
SAM’s transaction team was led by Nikhil Naredi, Partner, and Shubhangi Garg, Partner, with support from Shweta Singh, Senior Associate; Aryan Gupta, Associate; and Soham Chakraborty, Associate. Ankeeta Parhi, Principal Associate; and Associates Dhwanit Rathor and Gaurangi Pande, also provided valuable contributions on the transaction.
CAM’s 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; Bhaskar Kumar, Aarya Maheshwari, Medha Biswas, and Naman Kulshrestha, Associates
Poonawala Fincorp undertook the Issue in compliance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Section 42 of the Companies Act, 2013, and other applicable rules and regulations.
The QIP opened on April 9, 2026, and closed on April 13, 2026.
