Poonawalla Fincorp Limited has informed the Exchange regarding allotment of 50000 securities pursuant to Non Convertible Securities at its meeting held on Jun 12, 2025
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Poonawalla Fincorp has allotted 50,000 secured, redeemable, rated, listed non-convertible debentures (NCDs) with a face value of ₹1 lakh each, raising a total of ₹500 crore through private placement. The NCDs carry a coupon rate of 7.58% per annum and have a tenure of 3 years and 3 months, maturing on September 12, 2028. The debentures will be listed on the BSE debt market segment and are secured by a first-ranking pari passu charge on the company's hypothecated properties. This is part of the company's regular borrowing activity, likely to fund business growth or refinance existing debt.
For shareholders, this ₹500 crore NCD raise expands the company's debt but at a moderate 7.58% cost. It supports business expansion without immediate equity dilution. The 2% default penalty clause shows standard investor protection. Short-term stock impact is likely neutral, as this is a routine private placement.