Poonawalla Fincorp Approves ₹200 Cr NCD Issue

Poonawalla Fincorp Ltd announced the approval of its Finance Committee for the issuance of unsecured, redeemable, rated, listed, subordinated, non-convertible debentures (NCDs) aggregating up to ₹200 crore. These NCDs, constituting Tier II capital, will have a face value of ₹1,00,000 each and will be issued on a private placement basis to eligible investors. The NCDs are proposed to be listed on BSE Limited. The specific tenor, coupon rate, payment schedule, and redemption details will be as specified in the key information document. The company also detailed provisions for delays in interest or principal payments, including a penalty of 2% over the applicable coupon rate.