Poonawalla Fincorp allots ₹1,010 crore in non-convertible debentures

Poonawalla Fincorp Limited has successfully allotted secured, redeemable, rated, and listed non-convertible debentures (NCDs) totaling ₹1010,00,00,000 through a private placement. This issuance, approved by the finance committee on October 31, 2025, includes two series: PFL NCD Series 'G2' STRPP I FY 2025-26 and PFL NCD Series 'G3' STRPP II FY 2025-26.

The allotment comprises 1,00,000 fully paid-up NCDs, each with a face value of ₹1,00,000, amounting to ₹1000,00,00,000 under the 'G2' series. Additionally, 1,00,000 partly-paid NCDs, with a paid-up value of ₹1,000 per debenture, totaling ₹10,00,00,000, were issued under the 'G3' series. Both series offer a coupon/interest rate of 7.90% p.a.

The 'G2' series has a tenure of 5 years, maturing on October 31, 2030, while the 'G3' series has a tenure of 5 years and 181 days, maturing on April 30, 2031. These debentures will be listed in the Debt Market Segment of the BSE Limited, and their obligations will be secured by a first-ranking pari passu charge on hypothecated properties.