Date: August 17, 2026
Board Meeting Outcomes
- The Financial Resource Management Committee approved the issuance of Non-Convertible Debentures on July 28, 2026
- The allotment was made pursuant to board approval received on March 30, 2026
- The NCD issuance complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30
Fundraising Details
- Total NCDs allotted: 85,000 Non-Convertible Debentures across two series
- Aggregate nominal value: ₹850 crores (₹8,500,000,000)
- Face value per NCD: ₹1,00,000 (Indian Rupees One Lakh only)
- Type: Private Placement
Series A Details
- Quantity: 25,000 NCDs
- Value: ₹250 crores (₹2,50,00,00,000)
- Tenure: 6 years (72 months)
- Date of Allotment: August 17, 2026
- Date of Maturity: August 14, 2032
- Coupon Rate: 9.05% per annum
- Interest Payment Schedule: Annually
Series B Details
- Quantity: 60,000 NCDs
- Value: ₹600 crores (₹6,00,00,00,000)
- Tenure: 3650 days (approximately 10 years)
- Date of Allotment: August 17, 2026
- Date of Maturity: August 14, 2036
- Coupon Rate: 9.10% per annum
- Interest Payment Schedule: Annually
Instrument Characteristics
- Rating: Rated (specific rating not disclosed)
- Security: Subordinated, Unsecured
- Listing: Listed on BSE Limited
- Transferability: Transferable
- Redemption: Redeemable
- Charge/Security: Nil (no charge over assets)
- Special Rights: Nil (no special rights/privileges attached)
- Default History: No delay in payment of interest/principal beyond three months reported
- Redemption Preference: Not Applicable (as these are debentures, not shares)