Poonawalla Fincorp exercises call option on ₹1.7 Cr NCDs

Poonawalla Fincorp Limited has announced the exercise of its call option to redeem its 12.10% Rated, Listed, Unsecured Non-Convertible Subordinated Perpetual Debt in the nature of Debentures. The total outstanding principal amount for redemption is ₹1.70 crore. The call option is being exercised after the mandatory 10-year period from the deemed date of allotment (July 5, 2016). The redemption date is set for July 3, 2026, with a record date of June 18, 2026. The debentures will be redeemed at face value along with accrued interest. A request for approval has been submitted to the RBI.