Fedbank Financial Services advances ₹200 crore NCD issuance

Fedbank Financial Services Limited announced the approval of its draft General Information Document (GID) and Key Information Document (KID) for the issuance of non-convertible debentures (NCDs) valued up to ₹200 crore. This move follows shareholder approval on September 29, 2025, for a larger NCD issuance of up to ₹2,500 crore via private placement. The current issuance involves 20,000 secured, listed, rated, redeemable, senior NCDs, each with a face value of ₹1,00,000, totaling ₹200,00,00,000.

The NCDs will have a tenure of 36 months and are proposed to be listed on the Bombay Stock Exchange (BSE). This strategic financial maneuver is aimed at raising capital through private placement to eligible investors. The approval of the draft GID and KID by the board via circular resolution on December 21, 2025, paves the way for onward filing with the designated stock exchange.

This intimation aligns with earlier disclosures, including prior intimations of board meetings on August 20, 2025, outcomes on August 25, 2025, and the disclosure of voting results from the Annual General Meeting on September 30, 2025.