Loan & Debt3 Sept 2026, 12:10 pm
Balkrishna Industries Approves ₹550 Cr NCD Issuance
AI Summary
Balkrishna Industries Ltd. announced that its finance committee has approved the issuance of 55,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) with a face value of INR 1,00,000 each. The aggregate principal amount for this private placement issuance is up to INR 550 crore. The NCDs will be issued in three series with tenures of approximately 1 year 11 months, 3 years, and 4 years, carrying coupon rates of 7.35%, 7.38%, and 7.40% per annum, respectively. The issuance is intended to raise funds through private placement to eligible investors.
Key Highlights
- Finance committee approved issuance of NCDs.
- Total principal amount up to ₹550 crore.
- NCDs to be issued on private placement basis.
- Three series with varying tenures and coupon rates.
- NCDs will be rated, listed, unsecured, and redeemable.
Price Impact
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