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Poonawalla Fincorp gets nod to raise up to Rs 1,000 crore

06 May 2026 Evaluate

Poonawalla Fincorp has received approval from Finance Committee for issuance of secured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1,00,000 (NCDs) for an amount aggregating up to Rs 1,000 crore, in dematerialized form, 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).

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