Fedbank Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/03/2026 ,inter alia, to consider and approve consideration and ....
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Fedbank Financial Services has informed the stock exchanges that its Board of Directors will meet on March 3, 2026. The main agenda is to consider and approve the issuance of up to 50,000 rated, listed, unsecured, non-cumulative, redeemable, subordinated, non-convertible debentures (NCDs) with a face value of Rs. 1 lakh each, aggregating up to Rs. 500 crores. These NCDs will be issued on a private placement basis. This issuance is part of a larger fundraising plan of up to Rs. 2,500 crores in NCDs, which was already approved by the Board on August 25, 2025 and by shareholders on September 29, 2025. The current Rs. 500 crore tranche is being raised in one or more sub-tranches within that approved limit.
The company is tapping the debt market to raise Rs. 500 crores as part of its previously approved Rs. 2,500 crore NCD plan, which will increase its borrowings and is likely intended to fund lending growth. Since this is a debt instrument (not equity), there is no dilution for existing shareholders, but the company's leverage will rise modestly. The subordinated nature of these NCDs means they qualify as Tier 2 capital, which is positive for the company's capital adequacy position as an NBFC.