Poonawalla Fincorp has raised Rs 155 crore through the allotment of 15,500 Unsecured, Redeemable, Rated, Listed, Subordinated Non-Convertible Debentures (NCDs) Constituting (Tier II) Capital of the face value of Rs 1,00,000 each, through private placement. The maturity of the said NCDs will be on April 24, 2036. The Finance Committee vide resolution dated April 24, 2026, as authorized by the Board of Directors of the company has 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).
