Poonawalla Fincorp exercises call option on ₹10 Cr perpetual debt

Poonawalla Fincorp Ltd has announced the exercise of its call option on 100 Unsecured, Rated, Non-Convertible, Subordinated, Perpetual Debt in the nature of Debentures worth ₹10 Crore. These debentures, issued on private placement basis, will be redeemed on July 31, 2026. The company has received approval from the RBI for this redemption. The record date for the purpose of redemption has been fixed as July 16, 2026. The debentures carry a coupon rate of 12.10% per annum.