Poonawalla Fincorp Limited announced today that its Finance Committee has approved the issuance of secured, redeemable, rated, and listed non-convertible debentures (NCDs) aggregating up to ₹750 crore. The NCDs will have a face value of ₹1,00,000 each and will be issued through private placement to eligible investors. The issue size includes a base issue of ₹500 crore and a green shoe option to retain oversubscription of up to ₹250 crore. The NCDs are proposed to be listed on BSE Limited. The specific terms regarding tenor, coupon rate, payment schedule, and redemption date will be detailed in the key information document. The debentures will be secured by a first-ranking pari passu charge on specified hypothecated properties. In case of any delay in payment of interest or principal beyond the due date, the company shall pay a penalty of 2% over the applicable coupon rate until such default is cured.