Poonawalla Fincorp Limited has informed the Exchange about issue of Securities
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Awaiting price reaction for this filing.
Poonawalla Fincorp has approved the issuance of secured, redeemable, rated, listed non-convertible debentures (NCDs) on a private placement basis, aggregating up to ₹1,600 Crore. The issue comprises 1,60,000 NCDs of face value ₹1,00,000 each, split into two series of ₹800 Crore each — PFL NCD Series 'C3' (fully-paid) and PFL NCD Series 'C4' (partly-paid) for FY 2025-26. The NCDs will be listed on BSE and are secured by a first-ranking pari-passu charge on the company's hypothecated properties. Coupon rate, tenor, and payment schedule will be as per the key information document. In case of default, the company will pay an additional 2% over the applicable coupon rate.
The ₹1,600 Crore NCD raise will bolster Poonawalla Fincorp's capital base for lending operations, but will also increase interest obligations. Since coupon and tenor details are deferred to the key information document, investors should monitor for final pricing and yield to assess dilution of returns versus deployment of funds.