Private placement demonstrates the confidence domestic institutional investors, says Dalvi
CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770, CA Grameen), India’s leading rural focused inclusive financing platform, has successfully raised Rs.425 crore in June 2026 through private placement of non-convertible debentures (NCDs). The issuance comprised of two separate transactions – i) Rs.325 crore privately placed NCDs arranged by Nuvama Fixed Income Advisory and ii) Rs.100 crore NCDs bilaterally placed with Bajaj Finance Limited. The NCDs are senior, secured, rated, listed, and redeemable in nature.
The Rs.325 crore NCDs arranged by Nuvama Fixed Income Advisory were subscribed by Sundaram Finance Limited (Rs.100 crore), Nuvama Wealth Finance Limited (Rs.100 crore), Julius Bäer Capital (India) Private Limited (Rs.75 crore), Royal Sundaram General Insurance Company Limited (Rs.25 crore) and Vivriti Fixed Income Fund (Rs.25 crore).
The issue launched with a base size of Rs.200 crore witnessed an additional Rs.125 crore raised via exercise of green-shoe option, underpinned by strong investor confidence in CA Grameen’s business model and performance track record. The NCDs were issued with a tenure of 2 years and a fixed rate coupon of 9.25% per annum, payable quarterly. The Rs.100 crore NCDs bilaterally placed with Bajaj Finance Limited, were issued with a tenure of 2 years and a floating rate coupon of 9.15% per annum, payable monthly.
Commenting on the transaction, Nilesh Dalvi, Chief Financial Officer, CreditAccess Grameen, said on 29 June, “At CA Grameen, building a diversified and cost-efficient funding franchise has always been a strategic priority. Every transaction whether a syndicated ECB across global markets or a domestic NCD issuance reflects our conviction that a resilient NBFC should be supported by multiple, independent sources of funds. This private placement demonstrates the confidence domestic institutional investors have in our credit profile and complements the strong support we continue to receive from international lenders. We will continue to build on this momentum as we progress towards our 2028 funding architecture.”
CreditAccess Grameen Limited is India’s leading rural focused inclusive financing platform headquartered in Bengaluru. The Company provides a curated lifecycle credit suite to low-middle income households spanning group loans, individual business loans, secured business loans, affordable housing loans, and two-wheeler financing. The Company operates across 451 districts in 16 states (Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh & West Bengal) and one union territory (Puducherry) through 2,236 branches. The Company’s Promoter is CreditAccess India B.V., a multinational company focused on inclusive financing, supported by leading global institutional investors. Fiinews.com
