Sub.: Intimation under Regulation 30 (read with Part A of Schedule III), SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")- Allotment of Market Linked Non-Convertible Debentures (NCDs)
In accordance with the provisions of Listing Regulations and in continuation to our intimation dated September 16, 2022 regarding issuance of NCDs, we hereby inform that the Executive, Borrowings and Investment Committee of the Board of Directors of the Company, today i.e. on September 27, 2022, has approved the allotment of 600 (Six Hundred) senior, secured, rated, listed, redeemable, taxable, transferable, principal protected market linked Non-Convertible Debentures, each having a face value of INR 10,00,000 (Indian Rupees Ten Lakh) aggregating up to INR 60,00,00,000 (Indian Rupees Sixty Crores only) on Private Placement basis.
Please take this intimation on record.
Thanking you,
Yours' Truly
For CreditAccess Grameen Limited
J MAHADEV PRAKASH
Digitally signed by M J MAHADEV PRAKASH Date: 2022.09.27 17:54:23 +05'30'
M. J Mahadev Prakash
Head- Compliance, Legal & Company Secretary
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CreditAccess Grameen Ltd. published this content on 27 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2022 13:00:04 UTC.
CreditAccess Grameen Limited is an India-based microfinance company focused on providing micro-loans to women customers predominantly in rural areas. The Company operates in approximately 353 districts in 14 states and one union territory in India through 1,826 branches. The Company operates in a single business segment that is lending to members. Its microfinance group lending products include income generation loan, home improvement loan, family welfare loan and emergency loan. The Company's microfinance individual lending product is Unnati loan. Its retail finance products include grameen vikas loan, grameen two-wheeler loan, gruha vikas loan and grameen swarna loan. The Company's distributor products include grameen suraksha, life insurance and national pension scheme (NPS) - Swavalamban. It has tied up with various insurance service providers, including HDFC Life and Kotak Life to provide insurance coverage to customers and spouse/co-borrowers (applicable for retail finance).