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Bloomberg Quint

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Poonawalla Fincorp Gets Approval For Raising Rs 2,500 Crore Via Bonds

  • Poonawalla Fincorp received approval to raise Rs 2,500 crore through bonds.
  • The non-convertible debentures (NCDs) will be issued through private placement.
  • NCDs are proposed to be listed on the BSE with a base issue of Rs 1,125 crore and a green-shoe option up to Rs 375 crore.
  • In the fourth quarter of financial year 2025, Poonawalla Fincorp reported a net profit decrease of 81%, falling short of analysts' estimates.

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