Poonawalla Fincorp Allots ₹200 Crore in Non-Convertible Debentures
Poonawalla Fincorp Limited allots 20,000 Non-Convertible Debentures worth ₹200 crore. The company received ₹202.18 crore, including accrued interest and discount. The debentures mature on April 24, 2036, with an interest rate of 8.4308% p.a.
The issuance of ₹200 crore in debt capital will strengthen the company's financial position and support its business operations and expansion plans.
The company successfully raised funds through the issuance of non-convertible debentures, which is a positive development for its capital structure and growth prospects.
Poonawalla Fincorp Limited has announced the allotment of 20,000 unsecured, redeemable, rated, listed, subordinated, non-convertible debentures, constituting Tier II Capital. The face value of each debenture is ₹1,00,000, amounting to ₹200 crore. The aggregate amount received by the company is ₹202.18 crore, which includes accrued interest of ₹3.56 crore and a discount of ₹1.38 crore. These debentures were issued through private placement via the Finance Committee's resolution dated July 10, 2026.
The debentures have a reissuance tenor of 3,576 days and an original tenor of 3,653 days (10 years). The allotment date was July 10, 2026, and the maturity date is April 24, 2036. The coupon/interest offered is 8.4308% per annum. The debentures will be listed on the Debt Market Segment of the BSE Limited.
In case of any delay in payment of interest or principal, the company shall pay an additional 2% over the applicable coupon rate until the default is cured. The announcement follows up on a previous intimation dated July 7, 2026, regarding the issue of these Non-Convertible Debentures.
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Poonawalla Fincorp Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Poonawalla Fincorp Limited. Read the original for the full detail.