CreditAccess Grameen has successfully raised ₹425 crore through the private placement of non-convertible debentures (NCDs) in June 2026.
The fundraising comprised two separate transactions and forms part of the company's strategy to build a diversified and cost-efficient funding franchise.
The total fundraising includes ₹325 crore of privately placed NCDs arranged by Nuvama Fixed Income Advisory and ₹100 crore of NCDs placed bilaterally with Bajaj Finance Limited.
According to the company, the NCDs are senior, secured, rated, listed and redeemable in nature.
The ₹325 crore NCD issue was subscribed by Sundaram Finance Limited (₹100 crore), Nuvama Wealth Finance Limited (₹100 crore), Julius Bäer Capital (India) Private Limited (₹75 crore), Royal Sundaram General Insurance Company Limited (₹25 crore) and Vivriti Fixed Income Fund (₹25 crore).
The issue was launched with a base size of ₹200 crore and witnessed an additional ₹125 crore raised through the exercise of the green-shoe option, reflecting strong investor demand. The NCDs carry a tenure of two years and a fixed coupon rate of 9.25% per annum, payable quarterly.
Separately, Bajaj Finance Limited subscribed to ₹100 crore of NCDs through a bilateral placement.
These debentures have a tenure of 2 years and carry a floating coupon rate of 9.15% per annum, payable monthly.
As of 29 June 2026, at 12:57PM, CreditAccess Grameen share price was trading at ₹1,436.00 per share, reflecting a decline of 1.80% from the previous trading session.
CreditAccess Grameen has strengthened its funding profile by raising ₹425 crore through private placement of NCDs. The successful fundraising, backed by domestic institutional investors, aligns with the company's strategy of maintaining diversified funding sources while supporting its long-term growth plans.
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Published on: Jun 29, 2026, 2:48 PM IST
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