Instrument Details
- Type: Senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs)
- Form: Dematerialised form
- Face Value: ₹1,00,000 (Indian Rupees One Lakh) per NCD
- Total Allotment: 23,500 NCDs
- Aggregate Nominal Value: ₹235,00,00,000 (Rupees Two Hundred and Thirty Five Crores Only)
- Allotment Date: August 20, 2026
- Issuance Type: Private placement
Issue Structure
- Base Issue Size: ₹150,00,00,000 (Indian Rupees One Hundred and Fifty Crores Only) through 15,000 NCDs
- Green Shoe Option: Upto 75,000 additional NCDs worth ₹750,00,00,000 (Indian Rupees Seven Hundred and Fifty Crores Only)
- Total Potential Issue Size: Upto ₹900,00,00,000 (Indian Rupees Nine Hundred Crores Only)
Terms and Features
- Original Tenor: 1893 days
- Residual Tenor: 1772 days
- Maturity Date: June 27, 2031
- Coupon Rate: 7.7942% per annum
- Coupon Payment: Annual, next payable on June 27, 2027
- Redemption Price: ₹1,00,000 per NCD at maturity
Coupon Payment Schedule
| Payment Date | Days in Coupon Period | Amount (₹) |
| June 28, 2027 | 365 | 7,794.2000 |
| June 27, 2028 | 366 | 7,794.2000 |
| June 27, 2029 | 365 | 7,794.2000 |
| June 27, 2030 | 365 | 7,794.2000 |
| June 27, 2031 | 365 | 7,794.2000 |
Security Details
- Security: Exclusive first ranking charge by way of hypothecation over identified fixed deposits and/or identified standard receivables of the Issuer
- Coverage: Hypothecated Assets equivalent to 1 time of the principal amount and coupon payable
Default Provisions
- Default Interest: Additional interest of 2% p.a. over coupon rate in case of default in payment of coupon and/or principal redemption beyond three months from due date
Listing Arrangements
- Listing Platform: Negotiated Trade Reporting Platform (NTRP) under New Debt Market of National Stock Exchange of India Limited