The company has invited bids from merchant bankers and investors for the issuances on Wednesday.

The issue of bonds maturing in April 2026 has a base size of 250 million rupees and a greenshoe to retain an oversubscription of 750 million rupees. The company will offer a coupon of 7.99% on the issue.

The issue of zero-coupon bonds maturing in May 2026 has a base size of 500 million rupees and a greenshoe option of 2.5 billion rupees.

Both the bond issuances are rated AAA by CRISIL and the issue will close for subscription later this week.

($1 = 81.6030 Indian rupees)

(Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Sohini Goswami)