The Committee of Directors, has today, i.e., September 20, 2022, approved the allotment of 20,000 – Fixed rate, Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures having face value ₹10,00,000/- each, for cash, aggregating to ₹2,000 crore, to identified investors on private placement basis, on the terms and conditions as mentioned in the Placement Memorandum for the said Issue. The issue comprises of two series:
- Series 1 Debenture: 5,000 NCDs amounting to ₹500 crore with 7.50% p.a. fixed coupon rate
- Series 2 Debenture: 15,000 NCDs amounting to ₹1,500 crore with 7.76% p.a. fixed coupon rate
The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE Limited.