Key Details of the Allotment

  • Date of Allotment: September 02, 2026
  • Face Value per NCD: ₹1,00,000 (Indian Rupees One Lakh)
  • Total Number of NCDs Allotted: 50,000
  • Aggregate Nominal Value: ₹500,00,00,000 (Rupees Five Hundred Crores Only)
  • Form: Dematerialised form
  • Consideration: Cash

Instrument Characteristics

  • Type: Senior, secured, 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: 1179 days
  • Residual Tenor: 1122 days
  • Date of Maturity/Redemption: September 28, 2029
  • Coupon Rate: 7.8384% per annum

Coupon Payment Schedule

  • First Coupon Payment Date: September 28, 2026 (83 days, Amount: ₹1,782.4307 per NCD)
  • Second Coupon Payment Date: September 28, 2027 (365 days, Amount: ₹7,838.4000 per NCD)
  • Third Coupon Payment Date: September 28, 2028 (366 days, Amount: ₹7,838.4000 per NCD)
  • Fourth Coupon Payment Date: September 28, 2029 (365 days, Amount: ₹7,838.4000 per NCD)
  • Interest payments are rounded off to the nearest rupee.
  • Business Day Convention applies if due date is a holiday.

Principal Repayment Schedule

  • Principal Due Date: September 28, 2029
  • Days from Original Issue Date: 1,179 days
  • Principal Payout Amount: ₹1,00,000.0000 per NCD
  • Business Day Convention applies if due date is a holiday.

Security Details

  • The debentures are secured by an exclusive and first ranking charge by way of hypothecation over identified fixed deposits of the Issuer and/or an exclusive and first ranking charge by way of hypothecation on identified standard receivables (Hypothecated Assets) of the Issuer.
  • The principal amount of Hypothecated Assets (or amount in case of fixed deposits) is 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 (Rupees One Lakh Only) per NCD on the Date of Maturity.

Base Issue and Green Shoe Option

  • Base Issue Size: ₹500 crore
  • Green Shoe Option: Up to 50,000 additional NCDs aggregating up to ₹500 crore
  • Total Potential Issue Size: Up to ₹1,000 crore (Indian Rupees One Thousand Crores Only)

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