Poonawalla Fincorp has raised Rs 250 crore through allotment of 25,000 secured, redeemable, rated, listed, non-convertible debentures (NCDs) of the face value of Rs 1 lakh on private placement basis. The Finance Committee of the company has approved the same on July 16, 2026. The NCDs have a tenure of 1,168 days and carry a coupon rate of 8.1390% per annum.
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).
