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Hot Pursuit
31-May-23
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Poonawalla Fincorp gains after RBI approval for PHFL stake sale
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Poonawalla Fincorp rose 1.31% to Rs 344.15 after the company said that it received approval from the Reserve Bank of India (RBI) to sell its stake in its housing finance subsidiary, Poonawalla Housing Finance, to Perseus SG.
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In Q3FY23, Poonawalla Fincorp board approved sale of its housing subsidiary, Poonawalla Housing Finance (PHFL), to TPG (Perseus SG, an entity affiliated with TPG Global, LLC) at a valuation of Rs 3,900 crore. Shareholders approval has been received and regulatory approval is under process. Poonawalla Fincorp holds 24,98,21,117 equity shares of PHFL.
Poonawalla Fincorp is a Cyrus Poonawalla group promoted non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).
Poonawalla Fincorp's consolidated net profit jumped 100.9% to Rs 179.95 crore on 39.9% rise in total income to Rs 599.25 crore in Q4 FY23 over Q4 FY22.
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Previous News |
Poonawalla Fincorp fixes record date for dividend
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Poonawalla Fincorp appoints directors
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Poonawalla Fincorp allots 25.08 lakh equity shares under ESOP
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Poonawalla Fincorp announces change in Chief Risk Officer
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Poonawalla Fincorp reports consolidated net profit of Rs 118.89 crore in the March 2022 quarter
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Results
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Announcements
13-May-22
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ICRA has placed Magma Fincorp's LT ratings on watch with developing implications
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Corporate News
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17-Feb-21
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Poonawalla Fincorp signs MoU with ICSI for special term loans
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Hot Pursuit
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25-Aug-21
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Magma Fincorp consolidated net profit declines 84.38% in the June 2019 quarter
(
Results
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Announcements
01-Aug-19
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