Overview

• The offering consisted of a ₹500 crore base tranche with a ₹500 crore greenshoe that was fully exercised
• Eight series across 24-, 36-, and 60-month tenors carry annual yields of up to 9.3% with flexible interest payment options
• Subscriptions came exclusively from retail investors, high-net-worth individuals, and corporates on a first-come, first-served basis
• The AA- (Stable) rating affirmed by ICRA and CARE Ratings underpinned strong market confidence in the debentures
• At least 75% of the proceeds will repay existing debt and up to 25% will fund general corporate purposes