US EditionPoonawalla Fincorp Shares Hit 11-Month-High After Board Approves Plans To Raise Rs 500 Crore Through NCDs
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Poonawalla Fincorp Shares Hit 11-Month-High After Board Approves Plans To Raise Rs 500 Crore Through NCDs
Shares of Poonwalla Fincorp Ltd. rose nearly 3% on Monday after its board approved plans to raise Rs 500 crore.The company will issue non-convertible debentures on a private placement basis to eligible investors, according to the exchange filing on Monday. The NCDs will have a face value of Rs One Lakh and an aggregating amount of Rs 500 crore.The company further added that it will issue 50,000 secured, redeemable, rated, listed, non-convertible…
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