STARTUP/TECHNOLOGY
Coforge Closes Encora Acquisition; Drops QIP Plan, Raises $550 Mn Loan
Coforge, an AI-native engineering services company, has announced the successful closure of the Encora acquisition. The firm also shared that it has cancelled all plans of doing a QIP to support the purchase since it has secured a $550 million three-year loan at a 4.6% fixed interest rate. The repayment terms warrant the first payment […]
CW Bureau
·
Apr 23, 2026
BANKING & FINANCE
Poonawalla Fincorp Raises ₹2,500 Cr, Attracts Strong Institutional Interest
Poonawalla Fincorp Ltd (PFL) has announced the successful completion of its qualified institutions placement (QIP), raising ₹2,500 crore. The issue saw strong participation from institutional investors and long-term funds, reflecting continued confidence in the company’s strategy and growth outlook. Issue details and pricing The company issued 67,430,883 equity shares of face value ₹2 each to […]
CW Bureau
·
Apr 14, 2026
RETAIL/FMCG
PNG Jewellers Targets ₹10,000 Cr Sales For FY26 On Strong Momentum
P N Gadgil Jewellers Ltd is set to end FY26 with revenue slightly above its earlier guidance of ₹9,500 crore and closer to ₹10,000 crore, Chairman and Managing Director Saurabh Gadgil has said. The company had previously guided for revenue of ₹9,000–9,500 crore for FY26. In the first nine months of the fiscal, the retail […]
CW Bureau
·
Feb 16, 2026
