Poonawalla Fincorp Limited has informed the Exchange about issue of Securities
POONAWALLA · price
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Poonawalla Fincorp has approved the issuance of secured, redeemable, rated and listed non-convertible debentures through private placement to eligible investors. The issue size aggregates up to ₹750 crore, comprising 75,000 NCDs of face value ₹1,00,000 each, structured as Series B1 of FY 2025-26. The base issue is ₹250 crore with a green shoe option to retain oversubscription up to an additional ₹500 crore. The NCDs will be listed on BSE and are secured by a pari passu charge on the company's hypothecated properties. Specific terms such as coupon rate, tenor, and redemption schedule will be as per the key information document.
The fund raise of up to ₹750 crore will strengthen Poonawalla Fincorp's lending capacity and capital base. Since this is a private debt placement (not equity), there is no dilution for existing shareholders, though it will increase the company's leverage.