Poonawalla Fincorp’s Finance Committee has approved the issuance of secured, redeemable, rated, and listed non-convertible debentures (NCDs) with a face value of ₹1,00,000 each. The total issuance will aggregate up to ₹750,00,00,000. The NCDs will be issued in dematerialized form through private placement and are proposed to be listed on BSE Limited.
NCD Issuance Details
Poonawalla Fincorp Limited announced on December 19, 2025, the approval for issuing secured, redeemable, rated, listed non-convertible debentures (NCDs). The face value of each NCD is ₹1,00,000.
Total Issue Size
The aggregate amount for the issuance is up to ₹750,00,00,000 (Rupees Seven Hundred and Fifty Crore only). This is referred to as the “Issue” or “Issue Size.” The NCDs will be in dematerialized form and issued through private placement.
Key Terms of the NCDs
The issuance includes 75,000 secured, redeemable, rated, listed, non-convertible debentures. The issue has a base size of ₹500,00,00,000 and includes a green shoe option to retain oversubscription up to ₹250,00,00,000.
Security and Charge
The obligations under the Debentures will be secured by a first-ranking pari passu charge on the Hypothecated Properties, ensuring sufficient Security Cover until the Redemption Date.
Additional Information
Further details regarding the tenor, coupon offered, schedule of coupon/interest and principal payments, and the allotment/redemption dates are specified in the key information document.
In case of a delay in the payment of interest or principal amount for more than three months, Poonawalla Fincorp will pay a coupon on the NCDs at a rate of 2% over the applicable coupon rate for the period until the default is resolved to the satisfaction of the Debenture Trustee.
Source: BSE