Can Fin Homes Limited’s Board of Directors has approved a substantial fundraising plan, authorizing the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹5,000 crore. This issuance will be conducted on a private placement basis and can include secured or unsecured bonds, onshore or offshore, denominated in Indian Rupees or foreign currency. The approval was granted at a board meeting held on August 29, 2026.
Board Greenlights Major Fundraising Initiative
In a significant strategic move, the Board of Directors of Can Fin Homes Limited convened on Saturday, August 29, 2026, and granted approval for a large-scale fundraising exercise. The company will proceed with the issuance of Non-Convertible Debentures (NCDs) with an aggregate amount not exceeding ₹5,000 Crore. This issuance is slated to occur on a private placement basis.
Scope and Terms of NCD Issuance
The approved NCDs can be redeemable, secured, or unsecured, and may include Tier-II NCDs/Bonds. They can be issued onshore and/or offshore, and will be denominated in Indian Rupees and/or foreign currency. The fundraising period is set to commence from the conclusion of the 39th Annual General Meeting (AGM) held on July 29, 2026, and will extend until the conclusion of the 40th AGM, expected in 2027. The Board has further authorized the Executive Committee/ALCO Committee to finalize the intricate details of the issue, including the exact issue size, timing, tenure, and coupon rate.
Key Information Document Approved for ₹900 Crore NCD Tranche
Additionally, the Board has approved the Key Information Document (KID) for a specific tranche of this fundraising effort. This tranche involves the issuance of Secured, Redeemable, Non-Cumulative, Taxable Non-Convertible Debentures (NCDs) aggregating up to ₹900 Crore through a private placement basis. This specific issuance, termed Tranche-I, is subject to the necessary applicable regulatory approvals and compliances.
Meeting Details
The Board of Directors’ meeting commenced at 04:45 p.m. and concluded at 06:03 p.m. on the same day.
Source: BSE
