Poonawalla Fincorp Limited has informed the Exchange regarding allotment of 25000 securities pursuant to Non Convertible Securities at its meeting held on Jun 05, 2025
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Poonawalla Fincorp has allotted 25,000 unsecured, redeemable, rated, listed, subordinated Tier II NCDs of face value ₹1,00,000 each, aggregating to ₹250 crore (plus a small premium of ₹1.5 lakh), under PFL Series 'SD-C1' FY 2025-26. The debentures carry a coupon of 8.18% per annum, have a 10-year tenure maturing on June 05, 2035, and will be listed on the BSE debt market segment. The allotment was approved by the Finance Committee on June 02, 2025, and the funds were raised through private placement. As an NBFC, the Tier II capital strengthens the company's regulatory capital base to support future lending growth.
The ₹250 crore Tier II NCD raise boosts Poonawalla Fincorp's capital adequacy, supporting business expansion, though the 8.18% coupon adds to interest costs. For shareholders, this is a routine capital-raising move and is broadly neutral to mildly positive, depending on the deployment efficiency of the raised funds.