Date: October 15, 2026

Call Option Exercise

Niva Bupa Health Insurance Company Limited is exercising its call option to redeem 1,500 unsecured, subordinated, listed, rated, redeemable, non-convertible debentures aggregating to ₹1,50,00,00,000 (Rupees One Hundred and Fifty Crore). The debentures were allotted on November 15, 2021, pursuant to the placement memorandum dated November 12, 2021.

Financial Details

  • Security Name: 10.70% Niva Bupa Health Insurance 2031
  • ISIN Number: INE995S08010
  • Face Value: ₹10,00,000 per debenture (Rupees Ten Lakhs)
  • Outstanding Principal Amount: ₹1,50,00,00,000 (Rupees One Hundred and Fifty Crore)
  • Coupon Rate: 10.70% per annum fixed
  • Call Option Price: ₹10,00,000 per debenture (at par)
  • Tenor: 10 years from November 15, 2021, subject to call option exercise

Key Dates

  • Deemed Date of Allotment: November 15, 2021
  • Call Option Date: November 15, 2026 (5 years from allotment)
  • Record Date: November 2, 2026 (adjusted from October 31, 2026 as it falls on non-business day)
  • Interest and Redemption Payment Date: November 13, 2026 (adjusted from November 15, 2026 as it falls on non-business day)

Payment Mechanics

  • Redemption Amount includes principal at face value plus accrued interest up to (but excluding) November 15, 2026
  • Payment will be made through direct credit to bank accounts linked to demat accounts
  • Cheque/demand draft will be dispatched if direct credit fails
  • ISIN INE995S08010 will be frozen after record date (November 2, 2026)
  • No trading possible after record date

Legal Basis

The notice is issued pursuant to:

  • Regulation 30 of SEBI (Listing and Disclosure Requirements) Regulations, 2015
  • Regulation 15(7) of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
  • Clause 7.2.6 of Part B of Debenture Trust Deed
  • Placement Memorandum terms

Parties Involved

  • Debenture Trustee: Axis Trustee Services Limited
  • Registrar and Transfer Agent: KFin Technologies Limited
  • Rating Agency: CARE Ratings Limited
  • Depositories: National Securities Depository Limited, Central Depository Services (India) Limited