Board approves up to Rs 1500 cr bonds and debentures via private placement
CREDITACC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Smallcap 250 and 1.1 pts less than its Finance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
CreditAccess Grameen board on Dec 10 approved raising up to Rs 1500 crore through foreign currency bonds and non-convertible debentures via private placement, in domestic and overseas markets. Bonds may be subordinated, floating rate, zero coupon or other types. Debentures may be listed on BSE or NSE, foreign bonds on NSE IFSC or India INX. Tenure and coupon to be decided later.
Debt raise of up to Rs 1500 cr via private placement to fund growth. No equity dilution. May lift leverage but supports business expansion.