ALPHA TRIBE

Poonawalla Fincorp LimitedQIP/Rights/Pref., 15-07-2025: Allotment of Securities

15-07-2025 | 01:59 pm

Poonawalla Fincorp has successfully raised ₹1,005 crore through a private placement of debt. The company allotted 1,00,500 secured, redeemable, and listed non-convertible debentures, each with a face value of ₹0.01 crore. This significant capital infusion strengthens the company's balance sheet, providing substantial funds for business expansion and future growth initiatives. It's a strategic move to boost their lending capacity without diluting shareholder equity. Investors should note these debentures are rated and will be listed on BSE.

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