Poonawalla Fincorp Limited
Franklin Templeton Mutual Fund, which previously held 1.14 percent of Poonawalla Fincorp Limited, is no longer listed among its public shareholders, indicating either a complete sale or a reduction in its stake to below 1 percent.
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.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.