Poonawalla Fincorp is planning to raise funds through issuance of Non-Convertible Debt Securities on private placement basis aggregating upto Rs 4000 crore during the financial year 2023-2024. The Board of Directors at their meeting to be held on January 23, 2023, will consider the same.
Poonawalla Fincorp (Formerly known as Magma Fincorp) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).