Poonawalla Fincorp Limited announced the issuance of secured, redeemable, rated, listed, non-convertible debentures (NCDs) with a face value of INR 1,00,000 each. The Finance Committee, authorized by the Board of Directors, approved the issuance of NCDs for an aggregate amount of up to INR 25,000,000,000 (Rupees Two Thousand Five Hundred Crore Only) through private placement. The NCDs are proposed to be listed on BSE Limited.
The issuance will consist of a base issue of INR 11,250,000,000 (Rupees One Thousand One Hundred and Twenty-Five Crore Only) with a green shoe option to retain oversubscription up to INR 3,750,000,000 (Rupees Three Hundred and Seventy-Five Crore Only), aggregating to INR 15,000,000,000 (Rupees One Thousand Five Hundred Crore Only). Additionally, there will be a re-issuance under PFL NCD Series 'B1' for a base issue of INR 5,000,000,000 (Rupees Five Hundred Crore Only) with a green shoe option to retain oversubscription up to INR 5,000,000,000 (Rupees Five Hundred Crore Only), aggregating to INR 100,000,000 (Rupees One Thousand Crore Only).
