CreditAccess Grameen Raises ₹425 Crore via Private Placement of NCDs
CreditAccess Grameen Limited raised ₹425 crore through private placement of NCDs in June 2026. This includes ₹325 crore arranged by Nuvama Fixed Income Advisory and ₹100 crore from Bajaj Finance Limited. The NCDs have tenures of 2 years with fixed and floating coupons.
The fundraising of ₹425 crore is substantial and helps the company meet its strategic funding objectives, which is likely to have a medium-term impact on its financial stability and growth.
The company successfully raised a significant amount of capital through NCDs, indicating strong investor confidence and a positive step towards strengthening its funding franchise.
CreditAccess Grameen Limited (CA Grameen) has successfully raised ₹425 crore in June 2026 through a private placement of non-convertible debentures (NCDs). This fundraising was executed in two tranches: ₹325 crore from Nuvama Fixed Income Advisory and ₹100 crore from Bajaj Finance Limited.
The ₹325 crore NCD issuance, arranged by Nuvama Fixed Income Advisory, saw strong investor demand, leading to the exercise of a green-shoe option that increased the amount raised by ₹125 crore above the initial base size of ₹200 crore. Investors in this tranche included Sundaram Finance Limited (₹100 crore), Nuvama Wealth Finance Limited (₹100 crore), Julius Baer Capital (India) Private Limited (₹75 crore), Royal Sundaram General Insurance Company Limited (₹25 crore), and Vivriti Fixed Income Fund (₹25 crore). These NCDs have a tenure of 2 years and carry a fixed coupon rate of 9.25% per annum, payable quarterly.
The ₹100 crore NCDs, placed bilaterally with Bajaj Finance Limited, also have a tenure of 2 years and feature a floating rate coupon of 9.15% per annum, payable monthly.
Mr. Nilesh Dalvi, Chief Financial Officer of CreditAccess Grameen, commented that building a diversified and cost-efficient funding franchise is a strategic priority. He highlighted that these transactions demonstrate the confidence of domestic institutional investors in the company's credit profile and complement the support received from international lenders. He added that the company will continue to build on this momentum towards its 2028 funding architecture.
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CREDITACCESS GRAMEEN LIMITED filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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