Poonawalla Fincorp Limited has informed the Exchange regarding allotment of 56500 securities pursuant to Non Convertible Securities at its meeting held on May 19, 2025
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Poonawalla Fincorp has allotted 56,500 secured, redeemable, rated and listed Non-Convertible Debentures (Series B1, FY2025-26) through private placement. Each debenture has a face value of ₹1,00,000, taking the total issue size to ₹565 crore. The NCDs carry a coupon of 7.65% per annum and have a tenure of 3 years and 1 month, maturing on June 19, 2028. They will be listed on the BSE debt segment and are secured by a pari passu charge on the company's hypothecated assets. The allotment was approved by the Finance Committee on May 19, 2025, following an earlier intimation dated May 14, 2025.
The ₹565 crore raise strengthens Poonawalla Fincorp's funding base, likely to support its lending business. The 7.65% coupon reflects prevailing market rates and the issue adds to the company's overall debt; equity shareholders are not directly diluted but should monitor leverage as borrowings grow.