Poonawalla Fincorp Limited has informed the Exchange regarding allotment of 35000 securities pursuant to Non Convertible Securities at its meeting held on August 25, 2025
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Poonawalla Fincorp has allotted 35,000 secured, listed, non-convertible debentures (NCDs) of face value ₹1,00,000 each, raising a total of ₹350 crore through private placement. The issue includes a base size of ₹150 crore plus a green shoe option of ₹200 crore, fully subscribed. The NCDs carry a coupon rate of 7.52% per annum and have a tenure of 2 years and 6 months, maturing on February 25, 2028. The debentures are secured by a first-ranking pari-passu charge on the company's assets and will be listed on the BSE debt segment.
This is a routine debt-raising exercise by Poonawalla Fincorp at a competitive market rate, suggesting healthy demand from investors. No immediate equity dilution risk, though it adds to the company's overall debt obligations and interest expenses over the next 2.5 years.