Non-convertible Debentures

UltraTech Cement board approves ₹5,000 crore fundraise through NCDs

The cement major will issue up to 500,000 unsecured, listed and redeemable debentures through private placement as it advances a ₹17,000 crore capacity expansion plan

UltraTech Cement plans to raise up to ₹5,000 crore from market via NCDs

UltraTech Cement on Thursday said it is planning to raise up to Rs 5,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. The Finance Committee of the board approved a proposal to raise funds by issuance of up to 5,00,000 non-convertible, non-cumulative debentures of Rs 1,00,000 each, it said in a BSE filing. Further details regarding the tenure, coupon rate and timeline of the tranches are awaited. Earlier this week, UltraTech Cement reported a jump of 17.23 per cent in June quarter consolidated net profit at Rs 2,603.72 crore and 15.85 per cent rise in revenue from operations at Rs 24,648.20 crore. UltraTech leads the cement industry with a total grey cement capacity of 205.5 MTPA and white cement/putty capacity of 3.2 MTPA. It is also planning to foray into the cables and wires business this fiscal.

What are non-convertible debentures and why do companies use them?

From fixed interest payments to repayment at maturity, here's a simple guide to non-convertible debentures and why companies rely on them to finance growth without diluting ownership

Brigade Enterprises to raise ₹1,500 crore through private NCD issue

Brigade Enterprises' board has approved raising Rs 1,500 crore through privately placed non-convertible debentures and Rs 180 crore via convertible warrants

Embassy Developments raises NCD fundraising limit to ₹1,570 crore

Board increases issue size nearly fourfold from ₹400 crore; proceeds may be used for debt refinancing, project construction, working capital and general corporate purposes

Jana Capital downgrade unlikely to have bearing on Jana Small Finance Bank

Sources said there is no cross-default linkage between the debt of Jana Small Finance Bank and Jana Capital, with the holding company continuing to pare its stake in the lender

Investing in NCDs: Assess credit ratings and financials, diversify holdings

With equity returns uneven, non-convertible debentures are gaining traction as a middle path between FDs and stocks-but investors must weigh credit risk, liquidity, and issuer quality before investing

Tata Power raises ₹2,000 crore via issuance of NCDs on private placement

Tata Power on Friday said it has raised Rs 2,000 crore through non-convertible debentures (NCDs) on private placement basis. The NCDs have been issued on the basis of multiple yield allotment method prescribed by the BSE and Sebi, and the issue price of the NCDs has been determined accordingly, the company said in an exchange filing. The NCDs are proposed to be listed on the wholesale debt market segment of the BSE. The committee of directors on Friday approved the allotment of NCDs in two series, 1 lakh in each, aggregating to Rs 2,000 crore, for a tenor of three years and five years, respectively. The NCDs are to be issued to identified investors on a private placement basis, on the terms and conditions as mentioned in the placement memorandum for the said issue and other transaction documents. "We wish to inform you that the coupon rate of the proposed NCDs was discovered at 7.05 per cent for Series I and 7.25 per cent for Series II through the multiple yield allotment method o

Tata Power raises ₹2,000 crore via issuance of NCDs on private placement

Tata Power on Friday said it has raised Rs 2,000 crore through non-convertible debentures (NCDs) on private placement basis. The NCDs have been issued on the basis of multiple yield allotment method prescribed by the BSE and Sebi, and the issue price of the NCDs has been determined accordingly, the company said in an exchange filing. The NCDs are proposed to be listed on the wholesale debt market segment of the BSE. The committee of directors on Friday approved the allotment of NCDs in two series, 1 lakh in each, aggregating to Rs 2,000 crore, for a tenor of three years and five years, respectively. The NCDs are to be issued to identified investors on a private placement basis, on the terms and conditions as mentioned in the placement memorandum for the said issue and other transaction documents. "We wish to inform you that the coupon rate of the proposed NCDs was discovered at 7.05 per cent for Series I and 7.25 per cent for Series II through the multiple yield allotment method o

JSW Energy raises ₹250 cr via issuance of non-convertible debentures

JSW Energy on Wednesday said it has raised Rs 250 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. "Finance Committee, at its meeting held on 12th November, 2025, has allotted 25,000 Unsecured, Listed, Rated, Taxable, Redeemable NCDs bearing a face value of Rs 1,00,000 each, aggregating to Rs 250 crore," according to a regulatory filing. The company's board of directors had approved the proposal for raising funds up to Rs 3,000 crore through, inter alia, the issuance of rated and listed NCDs on a private placement basis on January 28, 2025.

Total Environment raises ₹175 crore via India's first listed green NCD

Total Environment Resorts, a subsidiary of the Bengaluru-based developer, raises Rs 175 crore from Standard Chartered through India's first listed green NCD for a real estate firm

Signature Global to raise ₹875 cr next week through NCD issuance

Realty firm Signature Global Ltd will next week raise Rs 875 crore through issuance of non-convertible debentures (NCDs) to investors. In a regulatory filing on Thursday, the company informed that the Debenture Committee of the company has approved the terms for issuance of 87,500 NCDs, having a face value of Rs 1 lakh each, aggregating to Rs 875 crore on a private placement basis. The tenure of the NCDs, having a coupon rate of 11 per cent, would be 3 years, 2 months and 30 days. The allotment is proposed on October 16, 2025, and the date of Maturity is January 15, 2029. In June, the company's board approved a proposal to raise up to Rs 875 crore through NCDs on a private placement basis. Gurugram-based firm Signature Global is one of the leading real estate developers in the country. In 2024-25, the company emerged as the fifth-largest listed real estate firm in terms of sales bookings. The company sold properties worth Rs 10,290 crore in the last fiscal and is targeting Rs 12,5

HUDCO plans to raise up to ₹3,000 cr through non-convertible debentures

Housing and Urban Development Corporation Limited (HUDCO) plans to raise up to Rs 3,000 crore by issuing non-convertible debentures. In a regulatory filing on Monday, the company informed that the Board of Directors had in April this year approved a proposal to raise up to Rs 65,000 crore through the issue of bonds/debentures in 2025-26. The Bond Allotment Committee, in its meeting to be held on August 29, 2025, proposes to approve the issue/ allotment of unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs of face value of Rs 1 lakh each, aggregating up to Rs 3,000 crore on a private placement basis. HUDCO is a premier techno-financing public sector enterprise in the field of housing and infrastructure development. The company recently reported a 13 per cent increase in its consolidated net profit to Rs 630.23 crore for the first quarter of this fiscal. Its net profit stood at Rs 557.75 crore in the year-ago period. The total income rose to Rs 2,945.47 crore in t

HUDCO plans to raise up to ₹3,000 cr through non-convertible debentures

Housing and Urban Development Corporation Limited (HUDCO) plans to raise up to Rs 3,000 crore by issuing non-convertible debentures. In a regulatory filing on Monday, the company informed that the Board of Directors had in April this year approved a proposal to raise up to Rs 65,000 crore through the issue of bonds/debentures in 2025-26. The Bond Allotment Committee, in its meeting to be held on August 29, 2025, proposes to approve the issue/ allotment of unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs of face value of Rs 1 lakh each, aggregating up to Rs 3,000 crore on a private placement basis. HUDCO is a premier techno-financing public sector enterprise in the field of housing and infrastructure development. The company recently reported a 13 per cent increase in its consolidated net profit to Rs 630.23 crore for the first quarter of this fiscal. Its net profit stood at Rs 557.75 crore in the year-ago period. The total income rose to Rs 2,945.47 crore in t

Embassy REIT secures ₹1,550 cr via NCDs, loans to refinance existing debt

Embassy Office Parks REIT has successfully raised Rs 1,550 crore through the issue of debentures and term loans to refinance its existing debt and save interest costs. In a regulatory filing on Monday, the company said it has "raised Rs 1,550 crore through a combination of Non-Convertible Debentures (NCDs) and term-loan facilities". "The proceeds will be used to refinance certain existing debt, resulting in annual interest savings of approximately 113 basis points (bps)," it added. The fundraise comprises Rs 750 crore through NCDs, priced at a coupon of 6.97 per cent, and a Rs 800 crore term-loan from a leading bank that is priced at a floating interest rate of 7.40 per cent over a 15-year tenor. Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT, said, "This refinancing continues to support our strategy of optimally managing our balance sheet and positions us well to finance our future growth initiatives." Embassy REIT owns and operates a 51.1 million square feet portf

NTPC board approves plan to raise ₹18,000 crore via bonds, NCDs

State-run power giant NTPC board on Saturday approved the proposal to raise up to Rs 18,000 crore through the issuance of NCDs or bonds on private placement in the domestic market. The board of directors of the company in its meeting on Saturday also considered and approved the draft notice of postal ballot in respect of seeking approval of shareholders of the company for issue of these non-convertible debentures (NCDs), as per a regulatory filing. The company also fixed the cut-off date of Friday for the purpose of reckoning the names of members, who are entitled for receiving postal ballot notice and voting rights, it said. According to the filing, the board approved the issue of non-convertible debentures up to Rs 18,000 crore in one or more tranches/series not exceeding 12, through private placement in the domestic market during the period commencing from the date of passing of special resolution till completion of one year.

NTPC to raise ₹4,000 crore via NCDs for capex and loan refinancing

State-run power giant NTPC on Friday said it has decided to raise Rs 4,000 crore through the issuance of non-convertible debentures (NCDs). Proceeds will be utilised for funding of capital expenditure, refinancing of existing loans and other general corporate purposes, the company said in a regulatory filing. NTPC has decided to issue unsecured non-convertible debentures of Rs 4,000 crore June 17, 2025, through private placement at a coupon of 6.89 per cent p.a. for a tenor of 10 years 1 day, maturing on June 18, 2035, the filing said. The NCD issue will be subjected to shareholders' approval, it said, adding that the debentures are proposed to be listed on the NSE.

NTPC to raise ₹4,000 crore via NCDs through private placement on 9 May

State-run power giant NTPC on Wednesday said it has decided to raise Rs 4,000 crore through the issuance of non-convertible debentures on a private placement basis on May 9. Proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, according to a regulatory filing. According to the filing, the NTPC has decided to issue unsecured non-convertible debentures of Rs 4,000 crore on May 9, 2025, through private placement at a coupon rate of 6.84 per cent per annum for a tenor of 10 years, maturing on May 9, 2035, under the board resolution on June 29, 2024 and subsequent approval obtained through shareholders' resolution on August 29, 2024. This is the second issue of debentures under the above mentioned approval, it stated, adding that the debentures are proposed to be listed on the BSE.

Tata Motors board to consider raising Rs 500 crore via securities this week

Tata Motors on Monday said its board will later this week consider a proposal to raise up to Rs 500 crore through the issue of securities on a private placement basis. A meeting of the duly constituted Committee of the Board of Directors of the Company is scheduled to be held on May 2 to consider and approve the issuance of rated, listed, unsecured, redeemable, non-convertible debentures on a private placement basis aggregating up to Rs 500 crore, the automaker said in a regulatory filing. The company did not share details of how it plans to utilise the raised capital.

Nexus Select Trust to raise Rs 550 crore via non-convertible debentures

Of the total funds raised, the Reit aims to spend up to Rs 480 crore for the acquisition of any assets or investments, including but not limited to the acquisition in any special purpose vehicle (SPV)