Poonawalla Fincorp has raised Rs 75 crore through the allotment of 7,500 secured, redeemable, rated, listed, Non-Convertible Debentures (NCDs) of the face value of Rs 1 lakh each on private placement basis. The Finance Committee, as authorized by the Board of Directors of the Company has on April 08, 2024, approved allotment of 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).
