CreditAccess Grameen Share Price in Focus; Raises ₹425 Crore Via Private Placement of NCDs

Written by: Team Angel OneUpdated on: 29 Jun 2026, 8:20 pm IST

CreditAccess Grameen has raised ₹425 crore through the private placement of non-convertible debentures (NCDs), comprising 2 separate transactions with domestic institutional investors.

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.

Company Raises ₹425 Crore Through 2 Transactions

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.

₹325 Crore NCD Issue Attracts Strong Investor Interest

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.

Bajaj Finance Subscribes ₹100 Crore NCDs

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.

CreditAccess Grameen Share Price Performance

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.

Conclusion

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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