Kotak Mahindra Mutual Fund Acquires Stake in Poonawalla Fincorp Limited
Kotak Mahindra Mutual Fund (KMMF) has acquired equity shares in Poonawalla Fincorp Limited, securing a stake constituting more than 5.00% of the company's issued equity share capital. The acquisition was executed through KMMF's Schemes.The transaction details reveal that KMMF acquired the shares through the open market.
A detailed look at the acquisition figures shows the following holdings:
| Metric | Before Acquisition Holding (Shares) | Before Acquisition Holding (% w.r.t. total share/voting capital) | Before Acquisition Holding (% w.r.t. total diluted share/voting capital) |
|---|---|---|---|
| Shares carrying voting rights (Total a+b+c+d) | 40128440 | 4.9370% | 4.9370% |
| Shares acquired (c) | 702046 | 0.0864% | 0.0864% |
| After Acquisition Holding (Shares) | 40830486 | 5.0233% | 5.0233% |
The acquisition involved the purchase of 702046 shares carrying voting rights, representing 0.0864% of the total diluted share/voting capital.
The date of acquisition, or the date of receipt of intimation of allotment, was noted as April 07, 2026, across all reported instances.
Poonawalla Fincorp Limited's equity share capital and total voting capital before the acquisition stood at 81,28,17,658 equity shares of Rs. 2. Following the acquisition, the total diluted share/voting capital remained at 81,28,17,658 equity shares of Rs. 2.
Stock Price Movement
As of 9:45 AM, Poonawalla Fincorp Ltd shares are ticking down to ₹399.30, showing a -0.42% decline. Throughout the morning, the stock has traded in a range, pulling back from its high of ₹401.20 while finding support near ₹394.25.Source:
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