Poonawalla Fincorp raises ₹150 crore via 8.43% Tier II debentures
The fundraising will add to the lender’s capital resources as its shares ended lower on Friday amid moderate trading activity on NSE
Poonawalla Fincorp Limited has successfully raised ₹150 crore through the issuance of 8.43% Tier II debentures, with the company allotting 15,000 unsecured, subordinated, non-convertible debentures (NCDs) on August 21, 2026. The debentures, each with a face value of ₹1 lakh, will mature on April 24, 2036, offering investors a coupon rate of 8.4308 percent per annum.
The total amount raised, including accrued interest and a discount, amounted to ₹153.54 crore. The instruments are unsecured and carry a penalty coupon of 2 percent above the applicable rate for delayed payments. Poonawalla Fincorp's shares, meanwhile, closed at ₹490.05 on the NSE, down 0.81 percent from the previous close, with a market capitalization of ₹43,233 crore and a price-to-earnings ratio of 55.28.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
