CreditAccess Grameen Raises INR 425 Crore Through Private Issue of Non-Convertible Debentures
Bengaluru based rural financing platform CreditAccess Grameen Limited has successfully raised INR 425 crore in June 2026 through a private placement of non-convertible debentures (NCDs). The issuance comprised two distinct transactions, underscoring the company's commitment to building a diversified and cost efficient funding franchise.The financing was structured as a combination of a syndicated issue and a bilateral placement. The NCDs are described as senior, secured, rated, and redeemable.
Transaction Details
The first tranche involved INR 325 crore in NCDs, which were arranged by Nuvama Fixed Income Advisory. This issuance saw strong investor confidence leading to the successful exercise of a green-shoe option. The transaction originated with a base size of INR 200 crore but achieved an additional INR 125 crore through the exercised option.The investors who subscribed to this tranche included Sundaram Finance Limited (INR 100 crore), Nuvama Wealth Finance Limited (INR 100 crore), Julius Bäer Capital (India) Private Limited (INR 75 crore), Royal Sundaram General Insurance Company Limited (INR 25 crore), and Vivriti Fixed Income Fund (INR 25 crore). These debentures carry a tenure of two years with a fixed rate coupon of 9.25% per annum, payable quarterly.
The second component of the raise involved INR 100 crore in NCDs bilaterally placed with Bajaj Finance Limited. This tranche is also issued for a tenure of two years but features a floating rate coupon at 9.15% per annum, payable monthly.
A summary of the debt issuances is provided below:
| Transaction | Amount Raised | Arranger/Partner | Tenure | Coupon Rate | Key Feature |
|---|---|---|---|---|---|
| First NCDs | INR 325 crore | Nuvama Fixed Income Advisory | 2 years | 9.25% (Fixed) | Includes 125 crore from green-shoe option |
| Second NCDs | INR 100 crore | Bajaj Finance Limited | 2 years | 9.15% (Floating) | Payable monthly |
Management Perspective
Nilesh Dalvi, Chief Financial Officer of CreditAccess Grameen, commented on the successful transaction. He stated that building a diversified and cost efficient funding franchise is a strategic priority at CA Grameen. The private placement demonstrates confidence from domestic institutional investors in the company's credit profile, supplementing the strong support received from international lenders. Dalvi added that the Company plans to build upon this momentum as it progresses toward its 2028 funding architecture.About CreditAccess Grameen Limited
CreditAccess Grameen is an inclusive financing platform based in Bengaluru and operates as India’s leading rural focused entity. The company offers a comprehensive lifecycle credit suite, including group loans, individual business loans, secured business loans, affordable housing loans, and two-wheeler financing to low middle income households.The Company's operations span 451 districts across 16 states (Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal) and one union territory (Puducherry), supported by 2,236 branches. CreditAccess Grameen is promoted by CreditAccess India B.V., a multinational company dedicated to inclusive financing, supported by various global institutional investors.
CREDITACC Stock Price Movement
Shares of CREDITACCESS GRAMEEN LIMITED on Thursday slipped by 0.23% to close at ₹1462.30. The stock traded a volume of 264,172 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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