Anupam Rasayan Subsidiary to Issue ₹300 Cr Debentures

Anupam Rasayan India Limited's Board of Directors has approved the execution of security documents for financing availed by its wholly-owned subsidiary, Mates Visa Consultancy Private Limited. Mates proposes to issue up to 30,000 senior secured unrated unlisted redeemable non-convertible debentures, aggregating up to ₹300 crore. The company will provide a corporate guarantee and pledge its equity shares in Mates. Additionally, Anupam Rasayan approved pledging its 15% stake in Purebliss Pharma Solutions Private Limited for financing facilities availed by Purebliss. The definitive execution of these documents is pending.