Poonawalla Fincorp Ltd Allots Non-Convertible Debentures Worth ₹50 Crore in Private Placement
Poonawalla Fincorp Limited has successfully completed the allotment of secured, redeemable, and listed non-convertible debentures (NCDs) through a private placement. The issuance, which was approved by the company's Finance Committee on July 03, 2026, raised a total amount of ₹500,01,90,000/- for the organization.The allotment covers 50,000 debentures of PFL NCD Series 'D1' FY2026-27. Each debenture has a face value of ₹1,00,000/-, resulting in a total face value amounting to ₹500,00,00,000/- (Rupees Five Hundred Crore only). The placement included a premium of ₹1,90,000/- (Rupees One Lakh and Ninety Thousand only), bringing the total amount raised to ₹500,01,90,000/.
The debentures are designed for listing in the Debt Market Segment of the BSE Limited. The instrument has a tenure of 850 days, with an allotment date recorded on July 03, 2026, and a maturity date set for October 30, 2028.
Key financial and operational details regarding the NCDs include:
| Feature | Detail |
|---|---|
| Issue Type | Secured, Redeemable, Rated, Listed Non-Convertible Debentures (NCDs) |
| Total Amount Raised | ₹500,01,90,000/- |
| Face Value per Debenture | ₹1,00,000/- |
| Coupon Rate | 8.0568% p.a. |
| Tenure | 850 Days (2 Years and 4 Months) |
| Maturity Date | October 30, 2028 |
The debentures are secured by a first ranking pari passu charge over the Hypothecated Properties until the Redemption Date. In case of any delay in interest or principal payment exceeding three months from the due date, Poonawalla Fincorp is obligated to pay coupon on the NCDs at a rate of 2% above the applicable coupon Rate until the default is cured.
POONAWALLA Stock Price Movement
Shares of Poonawalla Fincorp Limited are edging higher as of 1:57 PM today, with the stock gaining 1.34% and currently trading at ₹463.The shares reflect significant market activity, having seen over 1.12 million units traded during the ongoing session.
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