Poonawalla Fincorp Allots ₹1750 Cr in Non-Convertible Debentures

Poonawalla Fincorp Limited has approved the allotment of Non-Convertible Debentures (NCDs) totaling ₹1750 crore. This includes 10,000 NCDs (Series E1 FY 2026-27 Re-Issuance I) amounting to ₹100 crore, with accrued interest and discount, bringing the total consideration to ₹100.40 crore. Additionally, 75,000 NCDs (Series F1 FY 2026-27) were allotted for ₹750 crore. These secured, redeemable, rated, and listed debentures will be listed on the BSE Debt Market. The NCDs carry coupon rates of 8.09% p.a. and 8.3082% p.a. respectively, with varying tenures and maturity dates in 2029 and 2032. The company has also outlined provisions for delayed payments.