Poonawalla Fincorp allots NCDs worth Rs 315 crore via private placement
POONAWALLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and in line with its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Poonawalla Fincorp allotted 31,500 secured NCDs of Rs 1,00,000 each, totalling Rs 315 crore via private placement. The debentures will be listed on the BSE Debt Market with a 914-day tenure maturing February 16, 2029. Coupon is 8.09% per annum. Secured by first ranking pari passu charge on hypothecated properties.
Adds Rs 315 crore to debt at 8.09% cost. Routine NBFC fundraise; modest impact on leverage. Watch asset quality.