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Poonawalla Fincorp has allotted 68,207 equity shares under ESOS on 24 April 2026. Post allotment, the paid up equity share capital has increased to Rs. 1,760,633,496 consisting of 88,03,16,748 equity shares of Rs. 2/- each.

Poonawalla Fincorp has allotted 15,500 unsecured, redeemable, rated, listed, subordinated non-convertible debentures constituting tier II capital of face value of Rs 1 lakh each aggregating to Rs 155 crore through private placement.

Poonawalla Fincorp (PFL) today announced the launch of its next generation conversational AI platform for omnichannel customer service, marking a significant milestone in its AI-first transformation journey. Designed as a unified interaction layer, the platform will serve as the single customer service interface across channels, enabling a seamless and consistent experience. The platform will autonomously resolve up to 80% of voice and chat interactions, reducing service costs while improving customer experience. Complex or high-empathy cases are routed to human agents, allowing teams to focus where they add the most value. Powered by multi-agent AI orchestration, it features an industry-first contextual interface with real-time insights such as customer history, loan risk flags and sentiment analysis. This enables faster resolutions, higher first-contact closure and stronger compliance. The launch reflects PFL`s broader strategy of making AI a core driver of growth, sharper decision-making and operational excellence. From customer engagement and credit underwriting to risk management and internal productivity, the Company is embedding intelligence across its operating model to set new benchmarks in financial services. Arvind Kapil, Managing Director & CEO, Poonawalla Fincorp, said: AI at Poonawalla Fincorp is not a standalone initiative; it is a structural shift in how we are building our business. Our next-generation conversational AI platform will make customer service faster, smarter and more consistent. At the same time, AI is strengthening credit, risk, operations and employee productivity. By integrating data, analytics and machine learning into every layer of the organisation, we are building a more agile, scalable and future ready company. We see ourselves as a paradigm pioneer across many initiatives. PFL`s AI program now spans 57 initiatives across risk, credit, compliance, HR, operations and business functions, with 41 already deployed and others under development. The Company remains focused on responsible lending, strong credit discipline, portfolio quality and building a scalable, future-ready financial services platform.

Poonawalla Fincorp announced the successful completion of its Qualified Institutions Placement (QIP), raising Rs 2,500 crore. The issue saw strong participation from institutional investors, long-term funds, reflecting continued confidence in the Company`s strategy and growth outlook. Key Transaction Highlights: The Company issued 67,430,883 equity shares of face value Rs 2 each to Qualified Institutional Buyers (QIBs) at an issue price of Rs 370.75 per equity share. The issue price represents a 5% discount to the floor price of Rs 390.26 per equity share, resulting in aggregate proceeds of Rs 2,500 crore. The QIP, which opened on 09 April 2026, and closed on 13 April 2026, saw subscription from a diversified pool of investors, including Domestic Mutual Funds (MFs), Domestic Insurance Companies, and Foreign Institutional Investors (FIIs).

Poonawalla Fincorp will hold a meeting of the Board of Directors of the Company on 5 May 2026.Powered by Capital Market - Live News