CreditAccess Grameen Limited has successfully raised INR 425 crore through a private placement of non-convertible debentures (NCDs) in June 2026. The issuance was split into two tranches: INR 325 crore arranged by Nuvama Fixed Income Advisory and INR 100 crore placed with Bajaj Finance Limited. These NCDs are senior, secured, rated, listed, and redeemable instruments, underscoring investor confidence in the company’s financial standing and business model.
CreditAccess Grameen Raises Significant Capital
CreditAccess Grameen Limited (CA Grameen), a prominent rural-focused inclusive financing platform, has successfully concluded a private placement of non-convertible debentures (NCDs), raising a total of INR 425 crore. This fundraising initiative took place in June 2026 and was structured as a private placement of NCDs. The NCDs issued are characterized as senior, secured, rated, listed, and redeemable instruments, reflecting a strong endorsement from investors.
Diversified Funding Sources
The total amount raised was achieved through two distinct transactions. Firstly, INR 325 crore was raised via NCDs that were privately placed and arranged by Nuvama Fixed Income Advisory. The second tranche of INR 100 crore was bilaterally placed with Bajaj Finance Limited. This dual approach highlights CA Grameen’s strategy to build a diversified and cost-efficient funding franchise, utilizing multiple, independent sources of capital.
Investor Confidence and Allocation
The INR 325 crore NCD issuance, initially planned with a base size of INR 200 crore, saw an additional INR 125 crore raised through the exercise of a green-shoe option. This oversubscription is attributed to strong investor confidence in CA Grameen’s business model and its proven track record. Subscribers to this tranche included Sundaram Finance Limited (INR 100 crore), Nuvama Wealth Finance Limited (INR 100 crore), Julius Baer Capital (India) Private Limited (INR 75 crore), Royal Sundaram General Insurance Company Limited (INR 25 crore), and Vivriti Fixed Income Fund (INR 25 crore).
NCD Terms and Conditions
The NCDs issued through Nuvama Fixed Income Advisory have a tenure of 2 years and carry a fixed rate coupon of 9.25% per annum, payable quarterly. The INR 100 crore NCDs placed with Bajaj Finance Limited also have a tenure of 2 years but feature a floating rate coupon of 9.15% per annum, payable monthly. These terms are designed to align with the company’s financial strategies and market conditions.
Strategic Financial Outlook
Mr. Nilesh Dalvi, Chief Financial Officer of CreditAccess Grameen, commented on the transaction, stating, “At CA Grameen, building a diversified and cost-efficient funding franchise has always been a strategic priority.” He emphasized that such transactions demonstrate the confidence domestic institutional investors have in the company’s credit profile and complement the ongoing support from international lenders. CA Grameen aims to build on this momentum as it progresses towards its funding architecture goals for 2028.
Source: BSE
