Ashok Leyland has successfully raised ₹300 crore by allotting 30,000 unsecured, listed, rated, redeemable, non-cumulative, non-convertible debentures (NCDs). Each NCD has a face value of ₹1,00,000. The Fund Raising Committee of the Board of Directors approved this issuance on August 10, 2026. These NCDs will be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited.
Capital Infusion Through NCDs
Ashok Leyland announced on August 10, 2026, the successful allotment of 30,000 Non-Convertible Debentures (NCDs). This issuance was approved by the Fund Raising Committee of the Board of Directors, aimed at bolstering the company’s capital. The total amount raised through this private placement is ₹300 crore.
NCD Details and Listing
The issued NCDs are described as unsecured, listed, rated, redeemable, and non-cumulative. Each debenture carries a face value of ₹1,00,000 (Rupees One Lakh), making the aggregate issue size ₹300,00,00,000 (Rupees Three Hundred Crores). These instruments are intended to enhance Ashok Leyland’s financial flexibility. The NCDs are scheduled to be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited.
Financial Terms and Conditions
The tenure of these NCDs is set at 2 years, with an allotment date of August 10, 2026, and a maturity date of August 10, 2028. The instruments carry a fixed coupon rate of 7.50% per annum, with annual interest payments. Redemption will be in the form of a bullet repayment at the end of the 2-year term. The NCDs have been rated “AA+” by ICRA with a Stable outlook.
Source: BSE
