Key Details of the Allotment

  • Date of Allotment: July 01, 2026
  • Face Value per NCD: ₹1,00,00,000 (Rupees One Crore Only)
  • Total Number of NCDs Allotted: 380
  • Aggregate Nominal Value: ₹380,00,00,000 (Rupees Three Hundred and Eighty Crores Only)
  • Form: Dematerialised form
  • Consideration: Cash

Instrument Characteristics

  • Type: Subordinated, unsecured, rated, listed, redeemable, non-convertible debentures
  • Issuance Method: Private placement
  • Listing: Proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under New Debt Market of the National Stock Exchange of India Limited
  • Original Tenor: 3653 days (approximately 10 years)
  • Date of Maturity/Redemption: July 01, 2036
  • Coupon Rate: 8.2% per annum
  • First Coupon Payment: July 01, 2027, payable annually thereafter
  • Redemption Price: ₹1,00,00,000 per NCD at maturity

Issue Structure

  • Base Issue Size: ₹355,00,00,000 (Rupees Three Hundred Fifty Five Crores Only) through 355 NCDs
  • Greenshoe Option: Upto 25 NCDs of ₹1,00,00,000 each (₹25,00,00,000)
  • Total Issue Size with Greenshoe: Upto ₹380,00,00,000 (Rupees Three Hundred And Eighty Crores Only)
  • Actual Allotment: Full greenshoe option was exercised, resulting in 380 NCDs allotted

Payment Schedule

Coupon Payments:

  • July 01, 2027: ₹8,20,000.0000 per NCD (365 days)
  • July 01, 2028: ₹8,20,000.0000 per NCD (366 days)
  • July 02, 2029: ₹8,20,000.0000 per NCD (365 days, adjusted for Sunday)
  • July 01, 2030: ₹8,20,000.0000 per NCD (365 days)
  • July 01, 2031: ₹8,20,000.0000 per NCD (365 days)
  • July 01, 2032: ₹8,20,000.0000 per NCD (366 days)
  • July 01, 2033: ₹8,20,000.0000 per NCD (365 days)
  • July 01, 2034: ₹8,20,000.0000 per NCD (365 days)
  • July 02, 2035: ₹8,20,000.0000 per NCD (365 days, adjusted for Sunday)
  • July 01, 2036: ₹8,20,000.0000 per NCD (366 days)

Principal Payment:

  • July 01, 2036: ₹1,00,00,000.0000 per NCD (3,653 days from issue)

Additional Terms

  • Security: Unsecured, no charge created over assets
  • Special Rights/Privileges: None
  • Default Interest: In case of default in payment of coupon and/or principal, additional interest of 2% p.a. over the Coupon Rate shall be payable for the defaulting period
  • Payment Convention: 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
  • Rounding: Interest and redemption payments would be rounded off to the nearest rupee