Non-convertible Debentures

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)

JSW Energy board approves allotment of 80,000 NCDs worth Rs 800 cr

JSW Energy on Thursday said its board has approved the allotment of 80,000 non-convertible debentures aggregating to Rs 800 crore on a private placement basis in two tranches. Earlier in January, the board had approved a proposal to raise up to Rs 3,000 crore through the issuance of rated and listed non-convertible debentures (NCDs) on a private placement basis. According to the filing the Finance Committee, at its meeting held on March 20, 2025, has approved the allotment of 80,000 unsecured, rated, listed, taxable, redeemable NCDs bearing a face value of Rs 1,00,000 each, aggregating to Rs 800 crore in two tranches. The two tranches will be of Rs 400 crore but the first tranche will have a green shoe option of Rs 100 crore. The maturity period for Tranche 1 will be 3 years, while it will be five years for Tranche 2.

GMR Airports raises Rs 1,100 cr through non-convertible bonds issuance

GMR Airports has raised Rs 1,100 crore through the issuance of non-convertible bonds on a private placement basis. The management committee of the company's board on Tuesday allotted 1,10,000 rupee-denominated listed, unsecured, rated, redeemable non-convertible bonds on the private placement basis on receipt of Rs 1,100 crore, according to a regulatory filing. The bonds have a coupon rate of 5 per cent and a tenure of 36 months. The coupon shall be payable annually until the date of redemption and the bonds do not carry any special right/interest/privileges, the filing said. GMR Airports operates three airports in India -- Delhi, Hyderabad and Goa -- and two airports in the Philippines and Indonesia.

Vedanta raises Rs 2,600 crore through non-convertible debentures

Mining major Vedanta on Thursday said it has raised Rs 2,600 crore through issuance of non convertible debentures. In a filing on BSE, Vedanta said the committee of directors of the company has approved the allotment of 2,06,000 rupee-denominated unsecured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1 lakh each, aggregating to Rs 2,060 crore (Series 1 debentures). Besides, it has allotted 54,000 rupee-denominated unsecured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1 lakh each, aggregating to Rs 540 crores (series 2 debentures), Vedanta said. On February 11, the company's committee of directors had approved raising up to Rs 3,000 crore through issuance of non-convertible debentures (NCDs).

Aditya Birla Housing Finance raises Rs 830 cr funding from IFC through NCDs

Aditya Birla Housing Finance Limited (ABHFL), a wholly owned subsidiary of Aditya Birla Capital, on Wednesday said it has raised Rs 830 crore in funding through Non-Convertible Debentures (NCDs) from the International Finance Corporation (IFC). The funds raised through IFC's investment will be utilised to address critical gaps by providing housing loans to low-income and middle-income groups, with a particular focus on encouraging homeownership among women, the company said in a statement. A portion will also be allocated to supporting MSMEs (micro, small & medium enterprises), especially women-led enterprises, to drive growth and economic progress, it added. This investment aims to enhance financial inclusion, and uplift underserved communities in the affordable housing and MSME sectors, the company said. "This collaboration with IFC marks a key milestone in advancing financial inclusion and equitable growth," said Pankaj Gadgil, MD & CEO of Aditya Birla Housing Finance ...

Sterlite Grid 32 gets Rs 2,450 cr via listed NCDs to refinance MUML project

Power transmission solution provider Sterlite Grid 32 Ltd (SGL32) on Monday announced securing Rs 2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg Ltd project. The National Bank for Financing Infrastructure and Development (NaBFID) and India Infrastructure Finance Company Limited (IIFCL) have emerged as the successful bidders to the NCDs that have been listed on the Bombay Stock Exchange (BSE), according to a statement. This is the first listed NCD issuance of Sterlite Grid 32 Limited after its joint venture with GIC of Singapore. The NCDs are rated AA+ stable by CRISIL Ratings. The infrastructure business of Sterlite Power Transmission Ltd was demerged into Sterlite Grid 5 Limited (SGL5) effective October 8, 2024. SGL5 has recently entered into a joint venture with GIC of Singapore, following which SGL5 is to execute all its transmission projects in India through Sterlite Grid 32 Limited (SGL32). Pratik Agarwal, Director, Sterlite Gri

Sebi allows subscription to NCS during trading window closure period

Capital markets regulator Sebi on Monday permitted subscription to non-convertible securities (NCS) during the trading window closure period, marking a significant update to its insider trading norms. This latest move enables the market participants to subscribe to non-convertible securities without being constrained by the trading window restrictions. However, the trading window restrictions will not apply with respect to transactions, such as acquisition by conversion of warrants or debentures, subscribing to rights issues, further public issues, preferential allotment or buy-back and open offers. Sebi noted that earlier exemptions, extended through a 2020 circular, included rights entitlements and offer-for-sale (OFS) transactions. "It has been decided that in addition to the transactions mentioned in PIT (Prohibition of Insider Trading) regulations, the trading window restrictions shall also not apply to subscription to the issue of non-convertible securities, carried out in ..

Godrej Industries raises Rs 1,000 crore through NCDs in two tranches

Both issuances had a base size of Rs 250 crore and a green shoe option of another Rs 250 crore. The NCDs have been rated AA+ by domestic rating agencies CRISIL and ICRA

Mankind Pharma pledges 39.68% in Bharat Serums for Rs 5K crore NCDs

The capital raised through this pledge is expected to support Mankind Pharma's strategic initiatives and growth plans

Sebi mulls separation of non-regulated activities for debenture trustees

Sebi on Monday proposed that debenture trustees separate non-market watchdog-regulated activities into a new legal entity and define "cross-default" to clarify their roles in shared security interests. Additionally, the new provisions have been proposed to outline debenture trustees' (DT) rights and responsibilities, aligning with their fiduciary duties and obligations under Sebi's Listing Obligations and Disclosure Requirements (LODR) Regulations. These changes aim to support timely fulfillment of DT duties. The regulator has proposed changes to how the Recovery Expense Fund is used, which supports debenture recovery processes and suggested to standardize the format of Debenture Trust Deeds to streamline documentation. These proposals are aimed at improving ease of doing business for debenture trustees. In its consultation paper, the regulator proposed that DTs should hive off non-Sebi-regulated activities into a new legal entity, which cannot use the DT's brand name after a one-