Loan & Debt11 May 2026, 01:01 pm
Poonawalla Fincorp Allots ₹1000 Cr NCDs
AI Summary
Poonawalla Fincorp Ltd has allotted 1,00,000 secured, redeemable, rated, listed, non-convertible debentures with a face value of ₹1,00,000 each, totaling ₹1000 crore, along with a premium of ₹18.26 lakhs, aggregating to ₹1000,18,26,000 through private placement. These debentures, part of the PFL NCD Series ‘B1’ FY2026-27, will be listed on the Debt Market Segment of BSE Limited and have a tenure of 731 days, maturing on May 11, 2028, with an interest rate of 8.25% p.a.
Key Highlights
- Poonawalla Fincorp allots 1,00,000 NCDs totaling ₹1000 Cr via private placement.
- Debentures carry an 8.25% p.a. interest rate with a maturity date of May 11, 2028.
- NCDs are secured by a first-ranking pari passu charge on hypothecated properties.
- The debentures will be listed on the Debt Market Segment of BSE Limited.
- Delay in payment of interest/principal attracts a 2% penalty over the coupon rate.
Price Impact
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