Intimation w.r.t allotment of Non-Convertible Debentures

POONAWALLA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-8.4%1-day move

₹461.50

prior close

₹451.20

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.0+0.0+0.1-0.1-8.4-9.2-8.8-10.5-10.3-13.3-14.2-19.6+5.2—

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AI summary

Poonawalla Fincorp has allotted 1,00,000 secured, redeemable, rated, listed non-convertible debentures (NCDs) through private placement. Each NCD carries a face value of ₹1 lakh, totalling ₹1,000 crore (plus ₹18.26 lakh premium). The debentures are part of Series 'B1' FY2026-27, carry an 8.25% p.a. coupon rate, and have a tenure of 731 days (maturing May 11, 2028). The NCDs will be listed on the BSE Debt Market Segment and are secured by a first-ranking pari passu charge on hypothecated properties. A 2% penalty applies for any delayed interest or principal payments.

Likely market impact

This is a routine debt fundraising via private placement at a competitive 8.25% rate, indicating institutional investor confidence in the company's creditworthiness. The proceeds will support the company's lending operations, though it does not directly impact equity holders.