Poonawalla Fincorp to Raise Funds via Issuance of Non-Convertible Debentures
Poonawalla Fincorp Limited announced on April 21, 2026, that its Finance Committee, authorized by the Board of Directors, approved the issuance of Non-Convertible Debentures (NCDs). The funds are intended to bolster the company's [Tier II] capital structure.The company plans to raise up to ₹ 250,00,00,000/- (Indian Rupees Two Hundred and Fifty Crore only) through the issuance of Unsecured, Redeemable, Rated, Listed, Subordinated Non-Convertible Debentures (NCDs) in dematerialized form. This capital raise will be executed via a private placement mechanism targeting eligible investors.
The NCDs are slated to be listed on the BSE Limited exchange. The issuance details, conducted under the PFL NCD Series 'SDA1' for FY2026-27, are structured around a base issue supplemented by a green shoe option.
| Particulars | Details |
|---|---|
| Total Issue Size | Up to ₹ 250,00,00,000/- (Indian Rupees Two Hundred and Fifty Crore only) |
| Total Securities Proposed | 25,000 Unsecured, Redeemable, Rated, Listed, Subordinated NCDs |
| Face Value per NCD | ₹ 1,00,000 /- each |
| Base Issue Amount | ₹ 150,00,00,000/- (Rupees One Hundred and Fifty Crore only) |
| Oversubscription Option (Green Shoe) | Up to ₹ 100,00,00,000/- (Rupees One Hundred Crore only) |
| Issuance Type | Private placement to eligible investors |
Key terms outlined for the instrument include the stipulation that the company must pay a coupon on the NCDs at a rate of 2% (two percent) above the applicable coupon rate should there be a delay in payment of interest or principal for a period of more than three months.
The NCD issuance utilizes the proceeds to raise capital for the company, subject to the terms and conditions detailed in the key information document.
POONAWALLA Stock Price Movement
Shares of Poonawalla Fincorp Limited are currently advancing to ₹422.75 as of 1:00 PM, rising 1.09% in live trading. The stock is drawing robust interest on 2.82 million shares traded, maintaining a strong position within today's ₹417.25 to ₹426.4 intraday range.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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