ALPHA TRIBE

Poonawalla Fincorp LimitedQIP/Rights/Pref., 05-06-2025: Allotment of Securities

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.

No comments yet. Be the first to comment!

All announcements from Poonawalla Fincorp Limited