New Delhi, July 21 -- Shares of Poonawalla Fincorp gained more than 3 percent in intra-day trade on Monday, July 21, following the company's announcement that its Board of Directors will consider two major fundraising proposals during its upcoming board meeting scheduled for July 25, 2025. The move sparked positive investor sentiment, sending the stock to a high of Rs.466.20 in early trade.

In a regulatory filing, the non-banking financial company (NBFC) said the board will evaluate a proposal for raising funds through the preferential issue of equity shares. This equity infusion, if approved, will be carried out in accordance with the Companies Act, SEBI's Listing Obligations and Disclosure Requirements (LODR), and other applicable laws...