Poonawalla Fincorp Limited has allotted secured, redeemable, rated, listed, non-convertible debentures amounting to ₹1,000 Crore through private placement. The allotment was approved by the Finance Committee on September 10, 2025, as authorized by the Board of Directors.
The issue consists of 1,00,000 non-convertible debentures, each with a face value of ₹1,00,000.
Key Details of the Debentures:
| Particulars | Details |
|---|---|
| Issue Size | ₹1,000 Crore |
| Number of Debentures | 1,00,000 |
| Face Value per Debenture | ₹1,00,000 |
| Series | PFL NCD Series 'F1' FY2025-26 |
| Listing | Debt Market Segment of the BSE Limited |
| Tenure | 2 Years and 364 Days |
| Allotment Date | September 10, 2025 |
| Maturity Date | September 08, 2028 |
| Coupon Rate | 7.58% p.a. |
| Security | First ranking pari passu charge on the Hypothecated Properties |
In case of a delay in payment of interest or principal, the Company shall pay coupon on the NCDs at a rate of 2% over and above the applicable coupon Rate for the period until the event of default is resolved.
The debentures have a PUT option at the end of 18 months.
The details of the said allotment are furnished in Annexure 'A' enclosed herewith.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
