Poonawalla Fincorp allots Rs 250 Cr NCDs at 8.14% via private placement

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POONAWALLA · price

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹476.00

prior close

₹470.30

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.1%-1.0% vs market

Non Banking Financial Company (NBFC) peers, median of 217sector+0.0%-0.9% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 0.9 pts less than 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.

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Sessions after the filingfrom the prior close

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Reaction day

-0.9+0.1-1.0+0.0-0.9

Next day

+0.8-0.5+1.3+0.0+0.8

-2.0-0.4-1.6+0.0-2.0

-2.6+0.0-2.6-0.5-2.1

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15d

+2.9+1.4+1.5-0.5+3.4

+4.7+1.2+3.5-1.0+5.6

-9.3-1.3-8.0-1.7-7.6

-6.0-2.5-3.4-3.8-2.1

UpDownMarket · Nifty Smallcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 217Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Poonawalla Fincorp has allotted 25,000 secured, listed, redeemable non-convertible debentures of face value Rs 1,00,000 each, aggregating to Rs 250 crore, through private placement. The NCDs carry a coupon of 8.1390% per annum, have a tenure of 1,168 days (about 3 years 2 months), maturing on September 26, 2029, and will be listed on BSE's debt market segment. They are secured by a first-ranking pari passu charge on the company's hypothecated assets. A 2% additional coupon applies on defaults beyond three months.

Likely market impact

Company raises Rs 250 crore through 3-year secured NCDs at 8.14% coupon, boosting lending capital without any equity dilution for shareholders.