Poonawalla Fincorp Limited — QIP/Rights/Pref., 07-11-2024: Allotment of Securities

Poonawalla Fincorp Limited has approved the allotment of 31,000 secured, redeemable, non-convertible debentures, each worth Rs. 1,00,000, totaling Rs. 310 Crores. These debentures, bearing an interest rate of 8.03% per annum, will mature in five years. They will be listed on the Wholesale Debt Market segment of BSE. The obligations are secured by a first ranking charge on specific hypothecated properties. No special rights are associated with these instruments.