Fundraising Details
CreditAccess Grameen Limited successfully raised INR 425 crore in June 2026 through private placement of non-convertible debentures (NCDs). The NCDs are senior, secured, rated, listed, and redeemable in nature.
Transaction Breakdown
The issuance comprised two separate transactions:
1. INR 325 crore NCDs arranged by Nuvama Fixed Income Advisory
- Subscribed by multiple institutional investors:
- Sundaram Finance Limited: INR 100 crore
- Nuvama Wealth Finance Limited: INR 100 crore
- Julius Bäer Capital (India) Private Limited: INR 75 crore
- Royal Sundaram General Insurance Company Limited: INR 25 crore
- Vivriti Fixed Income Fund: INR 25 crore
- The issue launched with a base size of INR 200 crore
- Additional INR 125 crore raised via exercise of green-shoe option
- Tenure: 2 years
- Coupon: Fixed rate of 9.25% per annum, payable quarterly
2. INR 100 crore NCDs bilaterally placed with Bajaj Finance Limited
- Tenure: 2 years
- Coupon: Floating rate of 9.15% per annum, payable monthly
Management Commentary
Mr. Nilesh Dalvi, Chief Financial Officer, commented that building a diversified and cost-efficient funding franchise has always been a strategic priority for the company. He stated that this transaction demonstrates the confidence domestic institutional investors have in their credit profile and complements the strong support received from international lenders. The company will continue to build on this momentum as they progress towards their 2028 funding architecture.
Company Background
CreditAccess Grameen Limited is India's leading rural focused inclusive financing platform headquartered in Bengaluru. The company provides a curated lifecycle credit suite to low-middle income households spanning group loans, individual business loans, secured business loans, affordable housing loans, and two-wheeler financing.
Operational Presence
The company operates across 451 districts in 16 states (Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh & West Bengal) and one union territory (Puducherry) through 2,236 branches.
Promoter Structure
The company's Promoter is CreditAccess India B.V., a multinational company focused on inclusive financing, supported by leading global institutional investors.