Poonawalla Fincorp Limited announced that the Finance Committee, as authorized by the Board of Directors of the Company had approved on January 25, 2023, allotment of 10,000 Senior, Rated, Listed, Redeemable, Principle Protected Market Linked Non-Convertible Debentures (PPMLD) of the face value of INR 100,000 each, aggregating to INR 1,000 million, through private placement.