Poonawalla Fincorp Limited on Friday allotted 15,000 unsecured, subordinated, non-convertible debentures (NCDs) constituting Tier II capital, raising ₹150 crore at a coupon rate of 8.4308 per cent per annum. The company’s Finance Committee approved the allotment on August 21, 2026.
NCDs to mature in 2036
The NCDs, each with a face value of ₹1 lakh. The aggregate amount received stood at ₹153.54 crore, including accrued interest of ₹4.12 crore and a discount of ₹57.97 lakh. The instruments mature on April 24, 2036, a tenure of approximately 3,534 days from allotment, and will be listed on the Debt Market Segment of BSE Limited.
Penalty coupon for delayed payments
The debentures are unsecured and carry a penalty coupon of 2 per cent above the applicable rate in the event of delayed payment of interest or principal for more than 3 months.
Shares close lower on NSE
On the equity side, Poonawalla Fincorp shares closed at ₹490.05 on the NSE, down 0.81 per cent from the previous close of ₹494.05, with a trading volume of 7.48 lakh shares worth ₹36.88 crore. The stock touched an intraday high of ₹499.55 before retreating. The company’s total market capitalisation stood at ₹43,233 crore.
The stock trades at a price-to-earnings multiple of 55.28 and has returned approximately 8.93 per cent over the past year, underperforming the broader NIFTY 500’s 1.70 per cent gain over the same period.