Nature of the Event
CreditAccess Grameen Limited has made a disclosure pursuant to Regulation 30 of the SEBI Listing Regulations regarding the allotment of non-convertible debentures (NCDs) on a private placement basis.
Key Quantitative Figures
- Number of Debentures Allotted: 32,500
- Face Value per Debenture: INR 1,00,000
- Aggregate Nominal Value: INR 325,00,00,000 (INR Three Hundred and Twenty Five Crore)
- Total Issue Size (including green shoe): Up to 40,000 debentures aggregating INR 400,00,00,000 (INR Four Hundred Crore)
- Green Shoe Option: Up to 20,000 debentures aggregating INR 200,00,00,000 (INR Two Hundred Crore)
- Interest Rate: 9.25% per annum
- Security Coverage: Hypothecated Assets value must be at least 1.10 times outstanding principal plus accrued interest
- Penal Interest Rate: 2% per annum over prevailing rate for payment defaults
Dates of Action
- Committee Meeting Date: June 24, 2026
- Date of Allotment: June 24, 2026 (Deemed Date of Allotment)
- Interest Payment: Quarterly basis
Parties Involved
- Approving Authority: Executive, Borrowings & Investment Committee of the Board of Directors
- Regulatory Reference: SEBI Master Circular reference number SEBI/HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026
- Listing Exchange: BSE Limited (Wholesale Debt Market segment)
- Security Provider: CreditAccess Grameen Limited
- Debenture Trustee: Not named in disclosure
Instrument Characteristics
- Type: Senior, secured, rated, listed, redeemable, transferable, taxable, non-convertible debentures
- Currency: Indian Rupees (INR)
- Security: First ranking exclusive and continuing charge on certain book debts/receivables (Hypothecated Assets) through an unattested deed of hypothecation
- Redemption: Pari passu basis on Final Redemption Date
- Special Rights: None (all rights set out in the Debenture Trust Deed)