has launched a ₹5,000 crore public issue of secured NCDs with a base size of ₹500 crores and oversubscription option up to ₹4,500 crores. The issue offers five series with tenors ranging from 5 to 15 years, providing effective yields between 6.80% to 7.30% across different investor categories. The NCDs are secured by hypothecation of book debts with 100% security cover and will be listed on NSE, with the issue opening on January 16, 2026. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.