Loan & Debt2 Sept 2026, 03:03 pm
CreditAccess Grameen Allots ₹300 Cr in Non-Convertible Debentures
AI Summary
CreditAccess Grameen Ltd announced the allotment of Non-Convertible Debentures (NCDs) on September 02, 2026, through a private placement. The company's Executive, Borrowings & Investment Committee approved the issuance of Series I Debentures worth ₹100 crore and Series II Debentures worth ₹200 crore, totaling ₹300 crore. These are senior, secured, rated, listed, redeemable, transferable, and taxable NCDs, each with a face value of ₹1,00,000. This move signifies the company's strategy to raise capital through debt instruments to fund its operations and growth.
Key Highlights
- Allotted ₹300 crore via Non-Convertible Debentures.
- Debentures issued on a private placement basis.
- Series I: ₹100 Cr; Series II: ₹200 Cr.
- Secured, rated, listed, and redeemable debt instruments.
- Allotment approved by the Board's Committee.
Price Impact
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