ALPHA TRIBE

Poonawalla Fincorp LimitedQIP/Rights/Pref., 19-05-2025: Allotment of Securities

19-05-2025 | 05:29 pm

Poonawalla Fincorp has raised ₹565 Cr by allotting 56,500 secured, rated non-convertible debentures (NCDs) at ₹1 lakh each via private placement. These 3-year and 1-month NCDs carry a 7.65% coupon and are listed on BSE’s debt segment. This infusion strengthens the company’s debt structure, offering investors steady fixed interest income with secured instruments due in June 2028.

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