Poonawalla Fincorp Completes ₹250 Crore Subordinated NCD Issuance Approval
Poonawalla Fincorp has received Finance Committee approval for issuing ₹250 crore worth of subordinated NCDs through private placement, structured as Tier II Capital with face value of ₹1 lakh per debenture. The issuance includes investor protection mechanisms and will be listed on BSE Limited.

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Poonawalla Fincorp has formalized its debt fundraising initiative with the Finance Committee's approval for issuing Non-Convertible Debentures worth ₹250 crore through private placement. The company has disclosed the complete terms and structure of the NCD issuance under SEBI Listing Regulations.
NCD Structure and Terms
The Finance Committee has approved the issuance of Unsecured, Redeemable, Rated, Listed, Subordinated Non-Convertible Debentures constituting Tier II Capital with specific structural parameters:
| Parameter | Details |
|---|---|
| Face Value | ₹1,00,000 per NCD |
| Total NCDs | 25,000 debentures |
| Base Issue | ₹150 crore |
| Green Shoe Option | ₹100 crore |
| Total Issue Size | ₹250 crore |
| Series Designation | PFL NCD Series 'SDA1' FY2026-27 |
Regulatory Compliance and Listing
The NCD issuance has been structured in compliance with SEBI Listing Regulations 30 and 51. The debentures will be issued in dematerialized form through private placement to eligible investors. The company has proposed listing the NCDs on BSE Limited to provide liquidity to investors.
Default Protection Mechanism
Poonawalla Fincorp has incorporated investor protection measures in the NCD structure. In case of payment delays exceeding three months from the due date, the company will pay an additional coupon rate of 2% over the applicable rate until the default is cured to the satisfaction of the Debenture Trustee.
Capital Management Strategy
The subordinated NCDs will constitute Tier II Capital for the financial services company, strengthening its regulatory capital base. The green shoe option provides operational flexibility to optimize fundraising based on market conditions and investor response during the private placement process.
Historical Stock Returns for Poonawalla Fincorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.86% | +2.31% | +10.73% | -14.93% | +3.44% | +248.87% |
How will this ₹250 crore Tier II capital infusion impact Poonawalla Fincorp's lending capacity and business expansion plans?
What factors will determine whether the company exercises the full ₹100 crore green shoe option during the private placement?
Could this NCD issuance signal preparation for potential regulatory capital requirement changes in the NBFC sector?


































