Niva Bupa Health Insurance Company Limited has announced the successful completion of the redemption of its unsecured, subordinated, listed, rated, redeemable, non-convertible debentures. The total amount redeemed was ₹150,00,00,000/- (Rupees One Hundred and Fifty Crore). The company repaid the principal amount in full, along with accrued interest, on November 13, 2026, in accordance with the terms of the placement memorandum and applicable regulations.
Debenture Redemption Complete
Niva Bupa Health Insurance Company Limited has formally reported the completion of its debenture redemption. This action pertains to 1,500 unsecured, subordinated, listed, rated, redeemable, non-convertible debentures, which were initially allotted on November 15, 2021, for an aggregate value of ₹150,00,00,000/- (Rupees One Hundred and Fifty Crore). The redemption was executed at par, as per the terms outlined in the placement memorandum dated November 12, 2021.
Financial Settlement Details
The company confirmed that on November 13, 2026, the debentures were redeemed at par. This involved the full repayment of the principal amount and any accrued interest. The total interest paid amounted to ₹16,05,00,000/- (Rupees Sixteen Crore and Five Lakhs). The last interest payment date recorded was November 14, 2025.
Redemption Process
The redemption was carried out pursuant to the exercise of a ‘Call Option’. The scheduled redemption date was November 15, 2026. However, as this date was not a business day, the full redemption amount, including accrued interest, was disbursed on the immediately preceding business day, November 13, 2026. The company has confirmed that the total amount redeemed was ₹150,00,00,000/-, with no outstanding amount remaining.
Source: BSE
