Poonawalla Fincorp Limited has informed the Exchange about issue of Securities
POONAWALLA · price
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Poonawalla Fincorp Limited has approved the issuance of secured, redeemable, rated, listed non-convertible debentures (NCDs) through private placement to eligible investors. The total issue size is up to ₹750 crore, consisting of 75,000 NCDs with a face value of ₹1,00,000 each. The issue includes a base size of ₹225 crore with a green shoe option to retain oversubscription up to ₹525 crore, designated as PFL NCD Series D1 FY2026-27. The NCDs are proposed to be listed on BSE and will be secured by a first ranking pari passu charge on hypothecated properties. The coupon rate and tenor details are not disclosed in this filing and will be as per the key information document.
This ₹750 crore NCD raise will strengthen Poonawalla Fincorp's funding base to support its lending operations. Since it's a private placement to eligible investors and not an equity dilution, existing shareholders' stakes remain unaffected, though additional debt will increase the company's leverage.