Fedbank Financial Services Approves Rs 500 Crore NCD Private Placement

Fedbank Financial Services Limited announced that its Board of Directors approved the issuance of up to 50,000 Rated, Listed, Unsecured, Non-Cumulative, Redeemable, Subordinated, Non-Convertible Debentures on a private placement basis.

Each NCD carries a face value of Rs 1,00,000, aggregating to Rs 500 crore, targeted at one or more prospective investors. The decision follows prior board meeting intimations dated August 20, 2025, and February 26, 2026, and aligns with shareholder approvals from the August 25, 2025 AGM.

The Series-3 Sub Debt NCDs have a deemed date of allotment on or before March 31, 2026, with maturity after 7 years and 7 months from allotment. They offer a fixed coupon of 9% per annum payable annually, with principal redemption as a bullet payment on maturity. The NCDs are unsecured and proposed for listing on the Bombay Stock Exchange.

Shares of Fedbank Financial Services Limited was last trading in BSE at Rs. 128.95 as compared to the previous close of Rs. 130.80. The total number of shares traded during the day was 52085 in over 760 trades.

The stock hit an intraday high of Rs. 131.25 and intraday low of 125.00. The net turnover during the day was Rs. 6657968.00.

Source : Equity Bulls

Keywords

FedbankFinancialServices NBFC INE007N01010 FEDFINA FundRaising PrivatePlacement NCDs