CreditAccess Grameen Raises ₹425 Crore Through Private Placement of NCDs; Share Price Remains in Focus

CreditAccess Grameen Completes ₹425 Crore Fundraising

CreditAccess Grameen has successfully mobilised fresh capital through debt markets during June 2026.

The company raised a total of ₹425 crore through the private placement of non-convertible debentures (NCDs) executed via two independent transactions.

According to the company, the fundraising is intended to further strengthen its funding profile while maintaining diversified borrowing sources.

The debentures issued under both transactions are described as:

• Senior
• Secured
• Rated
• Listed
• Redeemable

These characteristics are commonly associated with institutional debt instruments issued through private placement.

₹325 Crore NCD Issue Receives Strong Institutional Participation

The larger portion of the fundraising involved a ₹325 crore NCD issue.

The transaction was arranged through Nuvama Fixed Income Advisory and attracted participation from multiple institutional investors.

The subscription details include:

• Sundaram Finance Limited – ₹100 crore
• Nuvama Wealth Finance Limited – ₹100 crore
• Julius Bäer Capital (India) Private Limited – ₹75 crore
• Royal Sundaram General Insurance Company Limited – ₹25 crore
• Vivriti Fixed Income Fund – ₹25 crore

The issue was initially launched with a base size of ₹200 crore.

Due to additional investor demand, the company exercised the green-shoe option, increasing the total issue size by ₹125 crore, resulting in a final mobilisation of ₹325 crore.

Terms of the ₹325 Crore Debenture Issue

The privately placed debentures issued under the first transaction have a tenure of two years.

The NCDs carry a fixed coupon rate of 9.25% per annum.

Interest payments will be made on a quarterly basis throughout the tenure of the instrument.

Private placement allows companies to raise debt directly from institutional investors without making a public issue.

Bajaj Finance Participates Through Bilateral Placement

Apart from the institutional placement, CreditAccess Grameen also completed a separate bilateral transaction.

Bajaj Finance Limited subscribed to ₹100 crore worth of non-convertible debentures issued by the company.

Unlike the first issue, these debentures carry a floating interest rate.

The coupon rate has been set at 9.15% per annum.

Interest under this issue will be paid monthly, while the tenure remains two years.

The bilateral placement complements the larger institutional fundraising completed earlier.

Diversified Funding Strategy

The latest fundraising forms part of CreditAccess Grameen’s broader financing strategy.

Financial institutions typically access multiple funding channels, including:

• Bank borrowings
• Non-convertible debentures
• Securitisation
• External commercial borrowings
• Institutional debt placements

Maintaining diversified funding sources helps companies access capital from different investor categories while balancing borrowing costs and funding availability.

The latest NCD issuance further expands the company’s institutional borrowing base.

Institutional Participation Highlights Market Access

The participation of multiple financial institutions across banking, insurance, investment management, and finance sectors demonstrates broad investor participation in the issue.

Institutional investors subscribing to privately placed debt instruments generally include:

• Financial institutions
• Insurance companies
• Asset management firms
• Investment funds
• Non-banking financial companies

The successful completion of both transactions reflects continued access to debt capital markets.

CreditAccess Grameen Share Price Performance

On June 29, 2026, CreditAccess Grameen shares remained in focus following the fundraising announcement.

During afternoon trading, the stock was quoted at approximately ₹1,436 per share, representing a decline of around 1.80% compared with the previous trading session.

Share price movements during trading sessions are influenced by several market factors, including overall market conditions, sector performance, investor sentiment, and company-specific developments.

Company Continues to Strengthen Capital Structure

The latest debt mobilisation adds to CreditAccess Grameen’s financial resources available for ongoing business operations.

Debt instruments such as NCDs are commonly used by financial institutions to support lending activities, refinance existing borrowings, and manage overall liquidity requirements.

The combination of fixed-rate and floating-rate borrowings also provides flexibility within the company’s funding structure.

Conclusion

CreditAccess Grameen has successfully raised ₹425 crore through two private placements of secured non-convertible debentures. The fundraising includes a ₹325 crore institutional issue supported by multiple domestic investors and a separate ₹100 crore bilateral placement with Bajaj Finance Limited. Both issues carry two-year maturities, with coupon structures based on fixed and floating interest rates. The successful completion of the fundraising further strengthens the company’s diversified funding framework while expanding its institutional debt base.

Summary

CreditAccess Grameen has strengthened its funding base by raising ₹425 crore through the private placement of secured non-convertible debentures (NCDs). The fundraising was completed through two separate transactions involving several institutional investors, including Sundaram Finance, Nuvama Wealth Finance, Julius Bäer Capital, Royal Sundaram General Insurance, Vivriti Fixed Income Fund, and Bajaj Finance Limited. The successful issue reflects continued access to institutional debt markets and forms part of the company’s broader strategy to diversify funding sources while supporting future business expansion. The NCDs carry tenures of two years with fixed and floating interest rate structures.