Poonawalla Fincorp raises ₹10.05bn through debenture placement

Poonawalla Fincorp Limited raised ₹10.05 billion through the private placement of 100,500 secured non-convertible debentures, each with a face value of ₹100,000.

The debentures offer a 7.5285% annual coupon rate and mature on September 24, 2027. They will be listed on BSE's debt market segment and are secured by a first-ranking charge on hypothecated properties.