Poonawalla Fincorp Limited Exercises Call Option on Unsecured Perpetual Debt Worth Rs 10 Crore
Poonawalla Fincorp Limited has exercised the call option concerning its unsecured, rated, non-convertible, subordinated, perpetual debt (NCD). The company decided to redeem the NCDs in full on Friday, July 31, 2026.The action relates to 100 units of Unsecured, Rated, Non-Convertible, Subordinated, Perpetual Debt, issued on a private placement basis with an issue size aggregating to Rs. 10,00,00,000/- (Rupees Ten Crore only). The NCDs were originally issued on August 1, 2016.
The redemption is set to take place along with the interest accrued on the specified date, in accordance with the terms outlined in the Term-sheet and Shelf Information Memorandum dated July 30, 2016.
Key details regarding the NCDs and their redemption are as follows:
| Nature of Security | Principal Amount | Call Premium | Record Date | Redemption Date |
|---|---|---|---|---|
| 12.10% Unsecured Rated, Non-Convertible, Subordinated, Perpetual Debt (ISIN: INE511C08969) | Rs. 10,00,00,000/- | N.A. | July 16, 2026 | July 31, 2026 |
The company confirmed that approval from the Reserve Bank of India (RBI) has been received for the redemption of the NCDs. The repayment structure dictates that the NCD will be redeemed at its face value of Rs. 10,00,000/- per unit, along with accrued interest, which constitutes the total redemption amount.
The company confirmed that upon exercising the Call Option and subsequent payment, it shall extinguish the said NCD fully, meaning no claim will lie against Poonawalla Fincorp Limited after the redemption of the security. The record date for determining eligibility for the redemption amount was fixed as July 16, 2026.
POONAWALLA Stock Price Movement
On Thursday, Poonawalla Fincorp Limited shares edged higher to close at ₹440.3, gaining 2.65% and registering a jump of ₹11.35. The stock finished the session strong within its day's trading range of ₹428.15 to ₹442.65, with 2,527,049 shares changing hands.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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