Poonawalla Fincorp Allots ₹1000.18 Crore in Non-Convertible Debentures via Private Placement
Poonawalla Fincorp Limited has announced the private placement of Non-Convertible Debentures (NCDs), raising a total of ₹1000,18,26,000/-. The allotment, which was approved by the Company's Finance Committee on May 11, 2026, involves 1,00,000 secured, redeemable, rated, listed, non-convertible debentures.The issuance, identified as PFL NCD Series 'B1' FY2026-27, provides the company with substantial capital through private placement.
The total amount raised comprises a face value of ₹1000,00,00,000/- and a premium aggregating to ₹18,26,000/-.
Key financial and operational details regarding the debentures include:
| Feature | Detail |
|---|---|
| Total Amount Raised | ₹1000,18,26,000/- |
| Face Value | ₹1000,00,00,000/- (One Thousand Crore only) |
| Premium | ₹18,26,000/- (Eighteen Lakhs and Twenty-Six Thousand only) |
| Number of Debentures | 1,00,000 |
| Interest Rate | 8.25% per annum |
| Date of Allotment | May 11, 2026 |
| Date of Maturity | May 11, 2028 |
| Tenure | 731 Days (2 Years) |
These instruments are secured by a first ranking pari passu charge on the Hypothecated Properties. The debentures are proposed to be listed in the Debt Market Segment of the BSE Limited.
The Company confirmed that the allotment proceeds are structured to cover the face value and premium, amounting to ₹1000,18,26,000/- (Rupees One Thousand Crore Eighteen Lakhs and Twenty-Six Thousand only).
For investors, the repayment schedule for both the coupon/interest and principal is available for review in the Key Information Document dated May 08, 2026. Furthermore, the company specified that in the event of a delay in payment of interest or principal for any period, the coupon rate will be increased by 2% over and above the applicable coupon rate until the default is cured.
POONAWALLA Stock Price Movement
As of 2:10 PM, shares of Poonawalla Fincorp Limited are slipping by 2.39% in live trading, currently registering at ₹451.25. Trading continues on a volume of 694,811 shares, keeping the equity above its intraday support level of ₹448.25.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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