ALPHA TRIBE

Poonawalla Fincorp LimitedQIP/Rights/Pref., 02-06-2025: Issue of Securities

02-06-2025 | 02:07 pm

Poonawalla Fincorp plans to raise up to ₹300 crore through issuance of 30,000 unsecured, redeemable non-convertible subordinated debentures (Tier II) via private placement. Each debenture has a face value of ₹1 lakh. The base issue is ₹200 crore, with a green shoe option of ₹100 crore. These NCDs will be listed on BSE. Funds raised are expected to strengthen the company’s capital base.

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