Poonawalla Fincorp Limited has announced the approval of its Finance Committee for the issuance of secured, redeemable, rated, and listed non-convertible debentures (NCDs). The total issue size aggregates up to ₹750,00,00,000 (Rupees Seven Hundred Fifty Crore only). These NCDs will have a face value of ₹1,00,000/- each and will be issued on a private placement basis to eligible investors. The issuance aims to bolster the company’s capital base and fund its growth initiatives.
Poonawalla Fincorp Approves Major NCD Issuance
Poonawalla Fincorp Limited announced today, August 12, 2026, that its Finance Committee has approved the issuance of non-convertible debentures (NCDs) aggregating up to ₹750,00,00,000 (Rupees Seven Hundred Fifty Crore only). The NCDs are to be issued in dematerialized form with a face value of ₹1,00,000/- each and will be offered on a private placement basis to eligible investors. This strategic move is designed to strengthen the company’s financial position and support its expansion plans.
Key Terms of the NCD Issuance
The total number of securities proposed to be issued is 75,000 NCDs, with an aggregate value of up to ₹750 Crore. The issue includes a base issue of ₹250,00,00,000 and a green shoe option to retain oversubscription up to ₹500,00,00,000. The NCDs are proposed to be listed on BSE Limited. The debentures will be secured by a first-ranking pari passu charge on hypothecated properties, ensuring adequate security cover until the redemption date. Details regarding the tenor, coupon offered, and schedule of interest and principal payments will be specified in a key information document.
Delay in Payment Provisions
In the event of any delay in the payment of interest or principal amount for a period exceeding three months from the due date, the company shall pay coupon on the NCDs at a rate of 2% (two percent) over and above the applicable coupon rate. This additional interest will be payable until such event of default is cured to the satisfaction of the Debenture Trustee, acting on the instructions of the Debenture-holders. Full details of the redemption of debentures will also be available in the key information document.
Source: BSE
