Debt Raising Committee approves call option, record date for 1,500 debentures of ₹ 1,50,00,00,000

Debt Raising Committee met on October 09, 2026 and approved the exercise of the call option and record date for 1,500 unsecured, subordinated, listed, rated, redeemable, non-convertible debentures aggregating ₹ 1,50,00,00,000.

Fri 9 Oct 2026

Debentures covered

1,500 unsecured, subordinated, listed, rated, redeemable, non-convertible debentures

Aggregate amount

₹ 1,50,00,00,000

Record date / call option date

Record date: November 02, 2026; Call option date: November 15, 2026

What the committee approved

• The Debt Raising Committee of the Board met on Friday, October 09, 2026, commencing at 04:00 P.M. (IST) and concluding at 04:20 P.M. (IST).
• At that meeting it considered and approved the exercise of the call option and the record date for 1,500 unsecured, subordinated, listed, rated, redeemable, non-convertible debentures aggregating ₹ 1,50,00,00,000 (Rupees One Hundred and Fifty Crore).
• The security name is 10.70% Niva Bupa Health Insurance 2031 and the ISIN is INE995S08010. The deemed date of allotment was November 15, 2021.

What a call option means here

• A call option allows the issuer to repay the debentures on a fixed date before the original end of tenure. For this issue, the call option date is 5 years from the deemed date of allotment, i.e., November 15, 2026.
• The update states the call option and redemption are at par.
• The repayment of the principal amount in full, along with interest accrued up to (but excluding) the call option date of November 15, 2026, shall take place on November 13, 2026.

Dates set out in the update

• Deemed date of allotment: November 15, 2021.
• Record date: November 02, 2026. The update notes that under the Placement Memorandum, since the original record date of October 31, 2026 falls on a date which is not a business day, the immediately succeeding business day is considered the record date.
• Call option date: November 15, 2026.
• Interest and redemption payment date: November 13, 2026. Again, under the Placement Memorandum, since the redemption date of November 15, 2026 falls on a date which is not a business day, the redemption amount along with interest will be paid on the immediately preceding business day.

Next steps

• A notice under the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, in relation to the call option and redemption at par, will be subsequently issued in due course to the debenture holders, in accordance with the transaction documents and applicable laws.
• The intimation has been marked to the debenture trustee, the depositories and the registrar to an issue and share transfer agent.

How to read this

• This is an update on borrowed money, not on equity shares. The debentures being called are unsecured and subordinated debt, and the company has approved repaying them at par along with accrued interest on the stated payment date.
• Debenture holders have a record date of November 02, 2026 to note, and the company has said a formal notice will follow.
• The whole of the principal is being repaid in full along with interest accrued up to, but excluding, November 15, 2026.

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