|
CreditAccess Grameen has successfully raised Rs 989.58 crore hrough public issue of secured, redeemable Non-Convertible Debentures
(NCDs). The NCDs are listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
The NCD Tranche II Issue had a base issue size of Rs 400 crore with an option to retain oversubscription up to Rs 600 crore aggregating up to Rs 1,000 crore, which is within the shelf limit of Rs 1,500 crore. The NCDs are rated IND AA-/Stable by India Ratings and Research.
The NCD Tranche II Issue opened for subscription on Thursday, August 24, 2023, and had an early closure on 01 September 2023. The Tranche II Issue received a subscription of about Rs 1,012 crore (2.53x of the Base Issue size) as per the consolidated bid details on the stock exchange platforms. The Company exercised the option to retain oversubscription and allocated 98,95,794 NCDs of the face value of Rs 1,000 each to valid applications aggregating to Rs 989.58 crore.
|