Poonawalla Fincorp Allots ₹808 Crore via Dual NCD Tranches; 7.70% Coupon, BSE Listing Confirmed
By HDFC SKY | Updated at: Jan 16, 2026 03:41 PM IST
Pune, June 25, 2025 – Poonawalla Fincorp Limited (NSE: POONAWALLA, BSE: 524000) has successfully completed the allotment of Non-Convertible Debentures (NCDs) worth ₹808 crore through private placement, as approved by the company’s Finance Committee today.
Key Details of the Allotment
The issuance comprises two distinct tranches under its FY 2025–26 borrowing plan:
| Series | Type | Face Value / NCD | Count | Total Amount | Coupon Rate | Tenure | Maturity Date |
|---|---|---|---|---|---|---|---|
| PFL NCD Series ‘C3’ STRPP I | Fully Paid | ₹1,00,000 | 80,000 | ₹800 crore | 7.70% p.a. | 5 years | June 25, 2030 |
| PFL NCD Series ‘C4’ STRPP II | Partly Paid (1st) | ₹1,000 (paid-up) | 80,000 | ₹8 crore | 7.70% p.a. | 5 yrs & 182 days | December 24, 2030 |
Total Proceeds: ₹808 crore
These secured, rated, redeemable, and listed NCDs will be traded on the BSE’s debt market segment.
Additional Financial Terms
| Term | Details |
|---|---|
| Balance Price (C4) | ₹99,000 per debenture + accrued interest until 2nd tranche payment |
| Security | First-ranking pari passu charge on hypothecated properties |
| Interest Delay Penalty | 2% p.a. over coupon rate in case of delayed interest/principal payments |
| Redemption & Coupon Schedule | As per Key Information Document dated June 24, 2025 |
| Listing | BSE Limited (Debt Segment) |
| Special Rights | As specified in the Information Memorandum |
The second tranche of debenture issuance includes detailed financial and legal terms designed to ensure transparency and investor protection. The balance price payable per debenture stands at ₹99,000, along with accrued interest up to the date of the second tranche payment. These debentures are backed by a first-ranking pari passu charge on hypothecated properties, offering secured status to investors.
In the event of delayed payment of interest or principal, an additional penalty interest of 2% per annum over the coupon rate will apply. The redemption and coupon payment schedule will follow the structure outlined in the Key Information Document dated June 24, 2025.
The debentures are proposed to be listed on the BSE (Debt Segment), enhancing liquidity and market access. Special rights, if any, associated with this issuance are detailed in the Information Memorandum provided to eligible investors. No comments or observations were reported regarding payment defaults or issues concerning security as of the date of this disclosure.
Regulatory Context
This disclosure is made in compliance with Regulations 30 and 51 read with Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015.
About Poonawalla Fincorp Limited
Poonawalla Fincorp Limited is a non-deposit-taking systemically important NBFC listed on NSE and BSE. Headquartered in Pune, it focuses on consumer and MSME financing through its digital-first lending model. The company is part of the Cyrus Poonawalla Group.
For more information, visit: poonawallafincorp.com
REF: https://nsearchives.nseindia.com/corporate/POONAWALLA_25062025151601_PFLIntimationAllotmentofNCDs25062025_v2.pdf
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