Poonawalla Fincorp has raised Rs 200 crore through the allotment of 20,000 unsecured, redeemable, rated, listed, subordinated, non-convertible debentures (NCDs) constituting (Tier II) Capital of the face value of Rs 1,00,000 each. The maturity of the said NCDs will be on April 24, 2036. The Finance Committee vide resolution dated July 10, 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).
