New Delhi, April 14 -- Poonawalla Fincorp Ltd. on Tuesday said that it successfully raised Rs. 2500 crores through Qualified Institutions Placement (QIP). The issue saw strong participation from institutional investors, long-term funds, reflecting continued confidence in the company's strategy and growth outlook, according to an exchange filing by the company.

"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 press release said.

The company said the QIP opened on April 9, and closed ...