CreditAccess Grameen board committee approves allotment of Market Linked NCDs worth Rs100cr; Stock gains

The company’s board approved the allotment of 1000 NCDs of the face value of Rs10 lakh each, on a Private Placement basis.

Sep 01, 2021 09:09 IST India Infoline News Service

CreditAccess Grameen
The Stakeholders’ Relationship Committee of the Board of Directors of CreditAccess Grameen Limited on Tuesday has approved the allotment of 1000 rated, senior, secured, listed, transferable, redeemable, principal-protected market-linked Non-Convertible Debentures (NCDs) of the face value of Rs10 lakh each, aggregating up to Rs100cr on Private Placement basis.

The Executive, Borrowings, and Investment Committee of the Board of Directors of the company on August 24, 2021, had approved the terms and conditions for issuance of NCDs.

At around 9.52 am, CreditAccess Grameen Ltd was trading at Rs705.35 per piece up by Rs3.45 or 0.49% from its previous closing of Rs701.90 per piece on the BSE.

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