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Poonawalla Fincorp gets nod to raise Rs 1500 crore via NCDs
Jul-10-2025

Poonawalla Fincorp has received approval for the issuance of secured, redeemable, rated, listed, non-convertible debentures (NCDs) of face value of Rs 1,00,000 each for an amount aggregating up to Rs 1500 crore, in dematerialized form, through private placement. The NCDs are proposed to be listed on BSE. The Finance Committee, as authorized by the Board of Directors of the company has on July 10, 2025 approved the same.  

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).


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