Key Quantitative Figures

  • Total NCDs Allotted: 1,00,000 debentures
  • Face Value per NCD: ₹1,00,000
  • Aggregate Nominal Value: ₹10,00,00,00,000 (₹1,000 Crores)
  • Allotment Date: July 07, 2026
  • Form: Dematerialized form
  • Consideration: Cash

Instrument Details

The allotment consists of two series:

Option I Debentures:

  • Quantity: 50,000 NCDs
  • Base Issue Size: ₹500,00,00,000 (₹500 Crores)
  • Original Tenor: 1893 days
  • Residual Tenor: 1816 days
  • Maturity Date: June 27, 2031
  • Coupon Rate: 7.7942% per annum
  • First Coupon Payment: June 27, 2027 (payable annually thereafter)

Option II Debentures:

  • Quantity: 50,000 NCDs
  • Base Issue Size: ₹500,00,00,000 (₹500 Crores)
  • Original Tenor: 1179 days
  • Residual Tenor: Not applicable
  • Maturity Date: September 28, 2029
  • Coupon Rate: 7.8384% per annum
  • First Coupon Payment: September 28, 2026 (payable annually thereafter)

Payment Schedules

Option I Coupon Payments:

  • June 27, 2027: ₹7,794.2000 per NCD
  • June 27, 2028: ₹7,794.2000 per NCD
  • June 27, 2029: ₹7,794.2000 per NCD
  • June 27, 2030: ₹7,794.2000 per NCD
  • June 27, 2031: ₹7,794.2000 per NCD

Option I Principal Payment:

  • June 27, 2031: ₹1,00,000.0000 per NCD

Option II Coupon Payments:

  • September 28, 2026: ₹1,782.4307 per NCD
  • September 28, 2027: ₹7,838.4000 per NCD
  • September 28, 2028: ₹7,838.4000 per NCD
  • September 28, 2029: ₹7,838.4000 per NCD

Option II Principal Payment:

  • September 28, 2029: ₹1,00,000.0000 per NCD

Note: Interest payments will be rounded off to the nearest rupee. In the event any due date is a holiday, payments will be made in accordance with the Business Day Convention as set under Section 3 of the Key Information Document.

Security Details

The debentures are secured by:

  • Exclusive first ranking charge by way of hypothecation over identified fixed deposits of the Issuer
  • Exclusive first ranking charge by way of hypothecation on identified standard receivables ("Hypothecated Assets")
  • Security coverage: Principal amount of Hypothecated Assets equivalent to 1 time of the principal amount and coupon outstanding

Default Provisions

In case of default in payment of coupon and/or principal redemption on due dates, additional interest of 2% p.a. over the coupon rate shall be payable by the Company for the defaulting period.

Redemption Details

NCDs will be redeemed at redemption price of ₹1,00,000 per NCD on the respective maturity dates.

Listing Status

The Debentures are proposed to be listed on the NTRP under New Debt Market of the National Stock Exchange.