Poonawalla Fincorp Limited — QIP/Rights/Pref., 04-11-2024: Issue of Securities

Poonawalla Fincorp Limited has announced the issuance of secured, redeemable, rated, listed, non-convertible debentures (NCDs) amounting to ₹250 crores, with a green shoe option of ₹250 crores, totaling up to ₹500 crores. The NCDs will be offered via private placement to eligible investors, with a face value of ₹1,00,000 each. The obligations will be secured by first ranking pari passu charges on specific assets, and a 2% penalty will apply for delays in coupon payments.