Poonawalla Fincorp Plans ₹2000 Cr NCD Issue

Poonawalla Fincorp Ltd announced its Finance Committee has approved the issuance of secured, redeemable, rated, listed, non-convertible debentures (NCDs) aggregating up to ₹2000 crore. The NCDs will be issued on a private placement basis. The issuance includes two series: PFL NCD series E1 FY 2026-27 Re-Issuance I for up to ₹500 crore and PFL NCD SERIES F1 FY 2026-27 for up to ₹1500 crore. The NCDs are proposed to be listed on BSE Limited. The company will pay a penalty of 2% over the coupon rate for any delay in interest or principal payment.