Poonawalla Fincorp Allots ₹315 Cr in Non-Convertible Debentures

Poonawalla Fincorp Limited has announced the allotment of 31,500 secured, redeemable, rated, listed, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹315 crore. The allotment was approved by the Finance Committee on August 17, 2026, via private placement. These NCDs carry a coupon rate of 8.0900% per annum and have a tenure of 914 days, maturing on February 16, 2029. The debentures are secured by a first-ranking pari passu charge on hypothecated properties and will be listed on the Debt Market Segment of BSE Limited. The company has also outlined a penalty of 2% over the applicable coupon rate for any delay in interest or principal payments.