Poonawalla Fincorp raises ₹250 crore via NCDs at 8.139% coupon

Poonawalla Fincorp has raised ₹250 crore through the private placement of 25,000 secured, rated, listed, redeemable non-convertible debentures (NCDs) with a face value of ₹1 lakh each. Approved by the company's Finance Committee on July 16, 2026, the NCDs have a tenure of 1,168 days and carry a coupon rate of 8.139% per annum. The fundraise strengthens the company's borrowing profile by securing medium-term capital at a competitive fixed cost. The proceeds are expected to support loan book growth, improve funding diversification, and help meet future lending requirements while maintaining a balanced liability mix. As an RBI-registered systemically important non-deposit taking NBFC (ND-SI-NBFC), Poonawalla Fincorp continues to focus on expanding its retail lending franchise through diversified funding sources.