Poonawalla Fincorp Limited — QIP/Rights/Pref., 05-06-2025: Allotment of Securities
05-06-2025 | 01:29 pm
05-06-2025 | 01:29 pm
Poonawalla Fincorp has announced a board meeting to approve the financial results for the quarter and half-year. The company allotted 25,000 unsecured, redeemable Tier II non-convertible debentures with a face value of ₹1,00,000 each, raising ₹250 Cr via private placement. These 10-year debentures carry an 8.18% annual coupon and will be listed on BSE’s debt segment. This move boosts the company’s capital base without diluting promoter holding.
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