Nuvoco Vistas raises ₹600 crore through private placement of debentures

Nuvoco Vistas Corporation Ltd. has successfully allotted 60,000 unsecured, redeemable, listed, rated non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹600 crores. This private placement was approved by the Committee of the Board of Directors on September 18, 2025. The NCDs carry an annual coupon interest rate of 7.70% and have a three-year tenure, maturing on September 18, 2028.

These NCDs will be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Limited. Coupon payments are scheduled annually on September 18, 2026, September 18, 2027, and September 18, 2028, with the principal redemption also on September 18, 2028. The credit rating for these NCDs is CRISIL AA/Watch Developing.

In the event of a default in payment of interest or principal for over three months, an additional interest of 2% p.a. over the stated rate will be payable for the defaulting period.