Poonawalla Fincorp has raised Rs 425 crore through the allotment of 42,500 secured, redeemable, rated, listed, Non-Convertible Debentures (NCDs) of the face value of Rs 1 lakh each through private placement. The Finance Committee, as authorized by the Board of Directors of the Company has on September 05, 2024, approved allotment of 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).