Poonawalla Fincorp to Raise Funds Worth ₹750 Crore via NCD Issue

Poonawalla Fincorp Limited, a notable player in the financial services industry, has declared the issuance of non-convertible debentures (NCDs) valued up to ₹750 crore. This announcement was made in compliance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The decision, endorsed by the company’s Finance Committee, underscores its strategic capital-raising initiative through a private placement.

Key Highlights of the NCD Issuance

The NCDs, each bearing a face value of ₹1,00,000, will be issued in dematerialised form, aggregating to a total of ₹750 crore. The issue comprises a base amount of ₹250 crore with a green shoe option of an additional ₹500 crore, allowing oversubscription. 

According to the exchange filings the company will pay a penalty interest on the Non-Convertible Debentures (NCDs) at a rate of 2% per annum above the prevailing coupon rate for the period of any delay in interest payment / principal amount.

In April, the company approved raising ₹1,875 crore through a private placement of Non-Convertible Debentures (NCDs).

Read More: Poonawalla Fincorp Transforms Debt Management with AI Platform

Poonawalla Fincorp Share Performance 

As of May 15, 2025, at 1:50 PM, Poonawalla Fincorp share price is trading at ₹390.55 per share, a surge of 0.05% from the previous closing price. Over the past month, the stock has surged by 4.19%

Conclusion

Through this private placement of non-convertible debentures worth ₹750 crore, Poonawalla Fincorp Limited reiterates its robust financial planning and regulatory compliance. The structured and secured nature of the offering positions the company favourably for strategic capital infusion while maintaining investor confidence.

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