Poonawalla Fincorp Raises ₹155 Crore via Bonds
By HDFC SKY | Updated at: Apr 24, 2026 04:13 PM IST
Poonawalla Fincorp raises ₹155 crore via Tier II bonds; shares dip as investors take a measured view.
Mumbai, April 24: Poonawalla Fincorp has raised ₹155 crore by issuing subordinated non-convertible debentures, a step aimed at strengthening its capital base, the company said in an exchange filing.
The company allotted 15,500 debentures with a face value of ₹1,00,000 each. These Tier II instruments have a 10-year maturity ending April 24, 2036, and offer a fixed annual coupon of 8.4308%.
The issue included a green shoe option, allowing the company to retain additional subscription and take the total size to ₹155 crore.
The debentures are unsecured and will be listed on the debt segment of BSE.
Shares of Poonawalla Fincorp edged lower after the announcement. At 1:16 p.m. IST, the stock was trading at ₹413.95, down 1.48% from its previous close of ₹420.15, moving within a range of ₹413.10 to ₹423.85 during the session.
The market reaction was muted, as such fundraises are typically seen as balance sheet strengthening moves rather than immediate growth triggers. Investors are likely to watch how the company deploys this capital and whether it can generate returns above its cost of funds.
Source:
- https://www.nseindia.com/get-quote/equity/POONAWALLA/Poonawalla-Fincorp-Limited
- https://nsearchives.nseindia.com/corporate/TUSHARPOONAWALLA_24042026130206_PFLIntimationAllotmentofNCDs24042026.pdf
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