Poonawalla Fincorp (PFL) has received approval for issuance of secured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1,00,000 each (NCDs) for an amount aggregating up to Rs 500 crore, in dematerialized form, through private placement basis.
The Finance Committee, as authorized by the Board of Directors of the Company had approved 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).
