Poonawalla Fincorp Limited has informed the Exchange about issue of Securities
POONAWALLA · price
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Poonawalla Fincorp Limited has announced the issuance of secured, redeemable, rated, listed non-convertible debentures (NCDs) through private placement. The company will issue up to 100,000 NCDs with a face value of ₹1,00,000 each, aggregating up to ₹1,000 crore. The base issue size is ₹500 crore with a green shoe option to retain oversubscription up to another ₹500 crore. The NCDs will be listed on BSE Limited and are secured by first ranking pari passu charge on hypothecated properties. The specific coupon rate has not been disclosed in this filing, with details to be provided in the key information document.
This NCD issuance allows Poonawalla Fincorp to raise debt capital from eligible investors at competitive rates, which will support the company's lending operations and business growth without diluting equity shares.