Poonawalla Fincorp to issue ₹750 crore in debentures

Poonawalla Fincorp Limited announced on December 19, 2025, the issuance of secured, redeemable, rated, listed non-convertible debentures (NCDs) aggregating up to ₹750,00,00,000. These NCDs, each with a face value of ₹1,00,000, will be issued through a private placement to eligible investors and are slated for listing on BSE Limited.

The issuance comprises 75,000 NCDs under "PFL NCD Series 'Il' FY 2025-26," with a base issue of ₹500,00,00,000 and a green shoe option to retain oversubscription up to ₹250,00,00,000. The debentures will be secured by a first ranking pari passu charge on the company's hypothecated properties, ensuring sufficient security cover until the redemption date.

Key terms such as tenor, coupon offered, payment schedule, and allotment/redemption dates will be detailed in the key information document. In the event of a delay exceeding three months in interest or principal payments, Poonawalla Fincorp will pay an additional 2% over the applicable coupon rate until the default is cured to the debenture trustee's satisfaction.