Poonawalla Fincorp Limited has informed the Exchange regarding allotment of 80000 securities pursuant to Non Convertible Securities at its meeting held on Jun 25, 2025
POONAWALLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Poonawalla Fincorp has allotted secured, rated, listed, redeemable non-convertible debentures worth ₹808 crore through private placement on June 25, 2025. This includes 80,000 fully paid-up NCDs of face value ₹1,00,000 each (totalling ₹800 crore) under Series C3, and 80,000 partly-paid NCDs of ₹1,000 each (₹8 crore as 1st Tranche) under Series C4. Both series carry a coupon of 7.70% per annum, with tenures of 5 years and 5 years 182 days respectively, and will be listed on the BSE debt segment. The proceeds will be raised through private placement with a first-ranking pari passu charge on the company's hypothecated properties as security.
The ₹808 crore debt raise strengthens Poonawalla Fincorp's funding base for lending operations at a competitive 7.70% coupon. The dilution to equity shareholders is nil since these are pure debt instruments, but interest expenses and leverage will increase.