Poonawalla Fincorp Limited
Kotak Mutual Fund increased its stake in Poonawalla Fincorp from 4.91% to 6.75%, raising its shareholding from 39,870,469 to 59,401,279 shares. This action crossed the 5% disclosure threshold.
A non-deposit taking NBFC registered with the Reserve Bank of India, Poonawalla Fin provides consumer and MSME financing solutions alongside general insurance services. The company serves retail borrowers and small businesses through its diversified lending portfolio and risk management offerings. Its integrated approach across consumer finance, business lending, and insurance products distinguishes it within India's competitive non-banking financial sector.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.