Poonawalla Fincorp Limited — QIP/Rights/Pref., 09-06-2025: Issue of Securities
09-06-2025 | 01:57 pm
09-06-2025 | 01:57 pm
Poonawalla Fincorp plans to raise up to ₹500 Cr through secured, redeemable non-convertible debentures (NCDs) issued via private placement. They will offer 50,000 NCDs with a face value of ₹1,00,000 each, listed on the BSE. An additional 2% coupon applies if interest payments are delayed beyond three months. Further details on coupon rate and tenure will be provided later. The funds are expected to bolster the company’s financial position.
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