Announced Tue, 7 Jul · 15:55 IST
Poonawalla Fincorp to raise Rs 200 crore via Tier II NCD private placement
Fund Raising View source PDF
POONAWALLA · price
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Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹471.40
prior close
₹465.00
base price
After-mkt
timing
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+1.0+0.7+0.8+1.1-1.3+1.3+2.9-0.7+1.0+1.8————
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AI summary
Poonawalla Fincorp is raising up to Rs 200 crore via private placement of 20,000 unsecured subordinated NCDs at Rs 1 lakh face value, qualifying as Tier II capital. The debentures (Series SDA1 FY2026-27 Re-issuance-I) will be listed on BSE. Coupon rate and tenor details are not in this filing. Default penalty is 2 percent over the applicable coupon. The issue will bolster the company's capital base.
Likely market impact
Tier II debt issuance will bolster capital adequacy without diluting equity. Coupon rate and tenor await disclosure.