Doubling Down: Poonawalla Fincorp Eyes ₹200,000 Crore NCD Fundraising Limit

Poonawalla Fincorp Limited is set to consider a significant enhancement in its fundraising capacity via non-convertible debentures (NCDs), proposing to double the current ceiling from ₹100,000 crore to ₹200,000 crore. This move signals the company’s aggressive capital strategy to support its expanding lending operations and strengthen its balance sheet.

 

Key highlights of the proposal:

 

- The Finance Committee of the Board will evaluate the increase in NCD issuance limits in an upcoming meeting.

 

- The NCDs will be secured, redeemable, rated, and listed, with face values of ₹1 lakh each.

 

- The proposed enhancement will allow flexibility in issuing multiple tranches under private placement, catering to institutional demand.

 

Strategic rationale:

 

- The company has already successfully raised ₹1,005 crore in July 2025 through Series D1 NCDs at a coupon rate of 7.5285 percent.

 

- The NCDs are backed by a first-ranking pari passu charge on hypothecated assets, ensuring investor security.

 

- The instruments are listed on BSE’s Debt Market Segment, enhancing liquidity and transparency.

 

Investor safeguards:

 

- In case of payment delays exceeding three months, an additional 2 percent coupon penalty will apply until resolution.

 

- The issuance complies with SEBI’s Listing Obligations and Disclosure Requirements, reinforcing regulatory confidence.

 

This proposed expansion reflects Poonawalla Fincorp’s ambition to scale its financial footprint and meet rising credit demand across sectors.

 

Sources: Moneycontrol, HDFC Sky, NDTV Profit, NSE India, Poonawalla Fincorp Investor Relations.