Niva Bupa Health Insurance Company Limited has successfully completed the redemption of 1,500 unsecured, subordinated debentures, amounting to ₹15,00,00,00,000 (₹15,000 crore). The payment of the principal and interest was made on November 13, 2026, ahead of the scheduled due date of November 15, 2026, due to it falling on a non-business day. This action reflects the company’s financial management and execution of its debt obligations.
Debenture Redemption Completed
Niva Bupa Health Insurance Company Limited has announced the successful redemption of its unsecured, subordinated, listed, rated, redeemable, non-convertible debentures. The total value of these debentures was ₹1,50,00,00,00,000 (Rupees One Hundred and Fifty Crore), with 1,500 debentures each valued at ₹10 lakhs. The exercise of the call option for redemption has been completed.
Payment and Timing
The payment of the principal redemption amount and the annual interest for the period from November 15, 2025, to November 14, 2026, was duly made. The gross interest amount totaled ₹16,05,00,000 (Rupees Sixteen Crore and Five Lakhs), with a net interest amount of ₹14,44,50,000 (Rupees Fourteen Crore Forty-Four Lakhs and Fifty Thousand) after adjustments. The payment was executed on November 13, 2026, which is the immediately preceding business day to the official due date of November 15, 2026, aligning with the terms of the issue and applicable regulations.
Debenture Details
The debentures carried an interest rate of 10.70%. The principal amount for redemption per debenture was ₹10,00,000. The company confirmed that the interest and redemption amounts have been credited to the respective debenture holders’ bank accounts via National Electronic Fund Transfer (NEFT).
Source: BSE
