Fedbank Financial Services Limited has informed the Exchange regarding Outcome of Board Meeting held on August 25, 2025.
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Fedbank Financial Services (FEDFINA) announced that its board, at a meeting on August 25, 2025, approved raising up to Rs. 2,500 crore through Non-Convertible Debentures (NCDs) on a private placement basis, subject to shareholder approval. The NCDs can be secured or unsecured, listed or unlisted, and may include Tier II subordinated debt and perpetual debt instruments qualifying as additional Tier I or Tier II capital under RBI NBFC norms. The issuance will happen in one or more tranches over a one-year period and will be listed on BSE, offered to banks, FIs, NBFCs, corporates, FIIs, FPIs, QIBs, insurance companies, and HNIs. The board also appointed DKJ & Associates as Secretarial Auditors for a 3-year term (FY 2025-26 to FY 2027-28) and fixed September 29, 2025 as the date for the 30th AGM via video conferencing.
Since this is a debt instrument (NCD) and not equity, existing shareholders face no dilution of their stake. The Rs. 2,500 crore raise will strengthen the NBFC's capital base to support lending growth, though the final coupon rate—which is not yet disclosed—will determine the cost of borrowing and could affect future profitability.