CreditAccess Grameen Limited raises Rs. 71 crores through NCDs

The Executive, Borrowings and Investment Committee of the Board of Directors of CreditAccess Grameen Limited, in its meeting held today, Thursday, April 22, 2021, has considered and approved terms and conditions for issuance of 710 (seven hundred and ten) Secured, Redeemable, Transferable, Non-Convertible Debentures of face value of Rs. 10,00,000/- (Rupees Ten Lakhs only) each, aggregating up to Rs.71,00,00,000/- (Rupees Seventy One Crores Only) to Global Access Fund LP.

The coupon / interest offered is 9.90% gross per annum (inclusive of withholding taxes, surcharge etc.) (being, 9.19% (nine point one nine percent) per annum, net of withholding tax ("Interest Rate").

Shares of CreditAccess Grameen Ltd was last trading in BSE at Rs.562.5 as compared to the previous close of Rs. 563.15. The total number of shares traded during the day was 4065 in over 511 trades.

The stock hit an intraday high of Rs. 563.85 and intraday low of 554.35. The net turnover during the day was Rs. 2274915.

Source : Equity Bulls

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