Poonawalla Fincorp Gets Rs 750 Cr NCD Issuance Approval

Poonawalla Fincorp has secured approval for the issuance of secured, redeemable, rated, and listed non-convertible debentures (NCDs) aggregating up to Rs 750 crore. This development saw the stock trading at Rs 485.15, marking a 0.22% gain on the BSE.

The Finance Committee, authorized by the company’s Board of Directors, approved the NCD issuance on August 12, 2026. These NCDs will have a face value of Rs 1,00,000 each and will be issued in dematerialized form, with a proposed listing on the BSE.

Daily Market Movement

• Poonawalla Fincorp opened trading at Rs 478.15.
• The scrip touched an intraday high of Rs 489.65 and a low of Rs 478.15.
• A total of 15,398 shares were traded on the counter during the session.

Poonawalla Fincorp, formerly known as Magma Fincorp, operates as a non-deposit taking systemically important non-banking finance company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).

Company Financial Overview

• The current market capitalization of Poonawalla Fincorp stands at Rs 42,916.16 crore.
• The stock’s 52-week high was Rs 570.40 on October 6, 2025, and its 52-week low was Rs 362.95 on March 30, 2026.
• Over the last week, the scrip’s high was Rs 494.40 and its low was Rs 469.30.

Shareholding patterns indicate promoters hold 59.02%, while institutions account for 26.85% and non-institutions hold 14.13% of the company’s shares. This strategic fundraising through NCDs positions the company for further growth and operational expansion.