Announced Mon, 13 Jul · 16:02 IST
Poonawalla Fincorp to issue NCDs worth up to 500 crore via private placement
Fund Raising View source PDF
POONAWALLA · price
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Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹485.30
prior close
₹481.00
base price
After-mkt
timing
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AI summary
Poonawalla Fincorp Finance Committee approved issuance of secured, redeemable, rated, listed NCDs worth up to 500 crore via private placement. Base issue of 250 crore plus green shoe option of another 250 crore. Total 50,000 NCDs at face value of 1 lakh each under Series D2 FY2026-27. To be listed on BSE. Coupon rate, tenor and redemption details are as per key information document, not disclosed here.
Likely market impact
NCD issuance of up to 500 crore expands borrowing capacity to fund lending growth. Debt instrument, so no equity dilution for shareholders.