Poonawalla Fincorp Approves Rs 10 Billion NCD Issuance

Poonawalla Fincorp Limited has announced that its Finance Committee, authorized by the Board of Directors, has approved the issuance of non-convertible debentures (NCDs) totaling Rs 10 billion. The issuance involves secured, redeemable, rated, and listed instruments, each with a face value of Rs 1,00,000.  

The company stated that this fundraising initiative is part of its broader strategy to diversify funding sources and ensure long-term capital availability for its lending operations. The NCDs will be listed on recognized stock exchanges, providing transparency and liquidity for investors.  

Key highlights from the announcement include  

• Approval for issuance of Rs 10 billion worth of NCDs  
• Instruments will be secured, redeemable, rated, and listed  
• Each NCD carries a face value of Rs 1,00,000  
• Funds aimed at strengthening lending operations and diversifying borrowings  
• Listing on exchanges ensures transparency and investor confidence  

Industry experts note that the move reflects Poonawalla Fincorp’s proactive approach to capital management, aligning with its growth ambitions in consumer and retail lending. The issuance is expected to attract institutional investors seeking stable returns from rated debt instruments.  

Sources: National Stock Exchange of India, MarketScreener, Brickwork Ratings