Poonawalla Fincorp Approves ₹2,000 Crore NCD Issue; Shares Fall 1.32%

Mumbai, October 26: Poonawalla Fincorp Limited has approved the issuance of non-convertible debentures (NCDs) worth up to ₹2,000 crore through private placement. The company’s shares were trading 1.32% lower at ₹407.55 during Monday’s session.

Poonawalla Fincorp’s ₹2,000 Crore NCD Issue

The board approved the issuance of 2,00,00,000 secured, redeemable, rated and listed NCDs, each with a face value of ₹1,000. The proposed issue will be offered to eligible investors through private placement and is intended to be listed on the BSE.

The issue comprises two series under PFL NCD Series ZCB G1 FY 2026-27 and PFL NCD Series G2 FY 2026-27. The first series includes a base issue of ₹750 crore, with a green shoe option of up to ₹500 crore. The second series has a base issue of ₹250 crore, also with a green shoe option of up to ₹500 crore. The total issue size, including the green shoe options, is capped at ₹2,000 crore.

The debentures will be secured by a first-ranking pari passu charge over specified hypothecated properties, subject to the terms outlined in the issue documents. Coupon rates, tenure and redemption details will be specified in the key information document.

Stock Market Snapshot

The Poonawalla Fincorp share price was trading 1.32% lower at ₹407.55 on Monday, October 26, compared with the previous close of ₹413. The stock opened at ₹406.25.

The proposed fundraising adds to the company’s financing plans, while the final terms of the NCD issue will be available in the relevant issue documents.

About Poonawalla Fincorp

Poonawalla Fincorp Limited is a non-banking financial company (NBFC) that provides lending and financial services to individuals and businesses.

Conclusion

Poonawalla Fincorp’s board has approved an NCD issue of up to ₹2,000 crore through private placement. The final terms, including coupon rates and redemption details, will be set out in the issue documents.

Source:

• https://www.nseindia.com/get-quote/equity/POONAWALLA/Poonawalla-Fincorp-Limited
• https://nsearchives.nseindia.com/corporate/PFLROHIT_26102026151222_SEIntimationIssuanceofNCDs26102026.pdf