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 to eligible investors and are proposed to be listed on BSE Limited. The issuance is structured into two series: PFL NCD SERIES ZCB G1 FY 2026-27 for up to ₹1250 Crore and PFL NCD SERIES G2 FY 2026-27 for up to ₹750 Crore. The company will pay a penalty of 2% over the applicable coupon rate for any delay in interest or principal payment beyond three months.