CreditAccess Grameen Ltd shares in focus as it intimates allotment of Non-Convertible Debentures
Why did CreditAccess Grameen Ltd shares jump today?
CreditAccess Grameen Ltd shares were trading at ₹1,402.1, up 0.64% on Wednesday at 03:24 PM. The positive movement in the stock price came after the company made a significant announcement regarding its fundraising activities.
The company informed stock exchanges about the allotment of new Non-Convertible Debentures (NCDs). In a board committee meeting held on September 02, 2026, the approval was given to issue these debt securities. The allotment included two series of senior, secured, and listed debentures, each with a face value of ₹1 lakh.
The total fundraising through this issuance amounts to ₹300 crore. Series I involved the allotment of 10,000 NCDs, raising ₹100 crore. Series II consisted of 20,000 NCDs, bringing in an additional ₹200 crore. This successful completion of a major debt issuance to strengthen its financial position likely boosted investor confidence, contributing to the rise in the share price.
What does CreditAccess Grameen Ltd do?
CreditAccess Grameen Ltd is a listed company whose shares are traded on major Indian stock exchanges, including the BSE and the National Stock Exchange of India. The company's scrip codes for these listings are 541770 and CREDITACC, respectively.
The company operates within the regulatory framework of the Securities and Exchange Board of India (SEBI). It engages in financial activities such as the issuance of debt securities. Specifically, it has approved the allotment of senior, secured, rated, listed, redeemable, transferable, taxable, non-convertible debentures in Indian Rupees.
CreditAccess Grameen Ltd Financials
In CroresCreditAccess Grameen Ltd's financials indicate growth from March 2026 to June 2026, with revenue increasing from ₹1573.29 Crores to ₹1748.61 Crores and profit rising from ₹339.55 Crores to ₹493.39 Crores, reflecting a positive upward trend in both metrics over the period.
CreditAccess Grameen Ltd Shareholding Pattern
Promoter holding stands at 66.21% of the total share capital. Foreign Institutional Investors (FIIs) hold 13.48% stake in the company, while Domestic Institutional Investors (DIIs) hold 12.67%. Public shareholders hold the remaining 7.64% stake in CreditAccess Grameen Ltd.
CreditAccess Grameen Ltd FAQs
Q: Why did CreditAccess shares jump 0.64% today?
Intimation of allotment of Non-Convertible Debentures on September 02, 2026. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of CreditAccess Grameen Ltd?
As per the latest data, promoters hold 66.21% stake in CreditAccess Grameen Ltd, while FII holding stands at 13.48%. Domestic institutional investors hold 12.67%, and public shareholders account for 7.64% of the equity.
Q: What is the current stock price of CreditAccess Grameen Ltd?
CreditAccess Grameen Ltd shares are currently trading at ₹1402.1, recording a gain of 0.64% from the previous close.
Q: What is the market capitalization of CreditAccess Grameen Ltd?
The company currently has a market capitalization of ₹22469.99 crore, reflecting its valuation in the Indian equity market.