Loan & Debt11 May 2026, 08:51 pm
Poonawalla Fincorp to Exercise Call Option on NCDs
AI Summary
Poonawalla Fincorp Ltd will exercise its call option on 60 Rated, Non-Convertible, Subordinated, Perpetual Debentures, with a face value of ₹5,00,000 each, aggregating to ₹3,00,00,000. The NCDs, issued on a private placement basis, will be redeemed on June 12, 2026. The record date for determining eligible debenture holders is May 27, 2026. The redemption includes accrued interest. Approval for the redemption has been requested from the Reserve Bank of India (RBI).
Key Highlights
- Poonawalla Fincorp exercises call option on NCDs worth ₹3 Crore.
- Redemption date is set for June 12, 2026.
- Record date for redemption eligibility is May 27, 2026.
- NCDs carry a coupon rate of 12.10% p.a. payable annually.
- RBI approval is pending for the redemption.
Price Impact
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