Nature and Purpose: Debt Raising Committee meeting to approve call option and record date for existing debentures
Meeting Timing: Commenced at 04:00 PM IST and concluded at 04:20 PM IST on October 09, 2026
Resolutions Passed
Approved exercise of call option for 1,500 unsecured, subordinated, listed, rated, redeemable, non-convertible debentures
Total value: ₹1,50,00,00,000/- (Rupees One Hundred and Fifty Crore only)
Original allotment date: November 15, 2021
Key Dates and Terms
Call Option Date: 5 years from deemed date of allotment (November 15, 2026)
Record Date: November 02, 2026 (adjusted from October 31, 2026 as it falls on a non-business day)
Interest and Redemption Payment Date: November 13, 2026 (adjusted from November 15, 2026 as it falls on a non-business day)
Interest Rate: 10.70%
Security Name: 10.70% Niva Bupa Health Insurance 2031
Financial Impact
Total redemption amount: ₹150 crore principal plus accrued interest up to November 15, 2026
Payment will be made in full on November 13, 2026
Compliance References
SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
Placement Memorandum terms
Applicable laws and transaction documents
Additional Disclosure
Notice will be issued to debenture holders in due course
Copies sent to: Axis Trustee Services Limited (Debenture Trustee), National Securities Depository Limited, Central Depository Services Limited, KFin Technologies Limited (Registrar to an Issue and Share Transfer Agent)
