Poonawalla Fincorp has received approval from Finance Committee, as authorized by the Board of Directors to raise funds through issuance of secured, rated, listed, redeemable, non-convertible debentures (NCDs) of face value of Rs 1,00,000 each for an amount aggregating up to Rs 300 crore (Base Issue Size) with a green shoe option of up to Rs 125 crore (Green Shoe Option) total aggregating up to Rs 425 crore (Issue or Issue Size) in one or multiple series through Private Placement.
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).
