Poonawalla Fincorp Allots ₹507 Crore NCDs Due March 2028
Poonawalla Fincorp Limited has announced the allotment of 50,700 secured, redeemable, rated, and listed non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹507 crore. The ...
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Why is Poonawalla Fincorp Limited in the news today?
Poonawalla Fincorp Limited (POONAWALLA) is in the news due to the announcement pertains to the routine allotment of non-convertible debentures, which is a standard fundraising activity for the company. it does not contain any significantly positive or negative financial performance indicators or strategic shifts.
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Poonawalla Fincorp Allots ₹507 Crore NCDs Due March 2028
December 24, 2025, 07:41 AM
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Poonawalla Fincorp Limited has announced the allotment of 50,700 secured, redeemable, rated, and listed non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹507 crore. The allotment was approved by the Finance Committee on December 24, 2025, as authorized by the Board of Directors.
The NCDs, part of the PFL NCD Series ‘I1’ FY2025-26, will mature on March 20, 2028, carrying a tenure of 2 years and 86 days. The coupon interest rate offered is 7.6841% per annum. These debentures will be listed on the Debt Market Segment of the BSE Limited.
The Obligations under the Debentures will be secured by a first-ranking pari passu charge on Hypothecated Properties until the Redemption Date. In case of any delay in payment of interest or principal, the company shall pay an additional 2% over the applicable coupon rate until the default is cured.
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