Poonawalla Fincorp Allots Non-Convertible Debentures Worth ₹200 Crore in Private Placement
Poonawalla Fincorp Ltd has finalized the allotment of Non-Convertible Debentures (NCDs) through a private placement. The issuance, which took place on July 10, 2026, involved the release of unsecured, redeemable, and listed debentures constituting [Tier II] Capital.The Finance Committee, authorized by the Board of Directors, approved the allotment of 20,000 such debentures. Each debenture had a face value of ₹1,00,000/-, bringing the total face value of the debt instrument to ₹200,00,00,000 (Two Hundred Crore only).
The company received an aggregate amount of ₹202,17,71,000 from this private placement. This figure incorporates accrued interest amounting to ₹3,55,71,000 and a discount totaling ₹1,38,00,000. The NCDs were identified as PFL NCD Series 'SDA1' FY2026-27 Re-issuance-I.
The debentures are unsecured (subordinated Tier II) instruments. Key terms of the issuance include an annual coupon rate of 8.4308% p.a. The tenure for these debentures is set with a maturity date of April 24, 2036, following an original tenor of 10 years and a reissuance tenor of 3,576 days.
The instruments are intended to be listed in the Debt Market Segment of the BSE Limited.
Details regarding the allotment and issuance terms:
| Feature | Particulars |
|---|---|
| Instrument Type | Unsecured, redeemable, rated, listed, subordinated non-convertible debentures ([Tier II] Capital) |
| Issue Size | 20,000 units |
| Face Value (Total) | ₹200,00,00,000/- (Two Hundred Crore only) |
| Aggregate Amount Received | ₹202,17,71,000/- |
| Interest Component | ₹3,55,71,000/ |
| Discount Amount | ₹1,38,00,000/ |
| Coupon Rate | 8.4308% p.a. |
| Allotment Date | July 10, 2026 |
| Maturity Date | April 24, 2036 |
POONAWALLA Stock Price Movement
As of 1:58 PM, shares of Poonawalla Fincorp Limited are edging higher to ₹475.15, surging by ₹11.30 or 2.44% in live trading. The stock maintains brisk momentum as over 1.15 million shares have been traded so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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