Loan & Debt3 Sept 2026, 12:14 pm
Balkrishna Industries Approves ₹550 Cr NCD Issuance
AI Summary
Balkrishna Industries Limited's Finance Committee has approved the issuance of 55,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) aggregating up to ₹550 crore. The NCDs will be issued on a private placement basis in three series with tenures ranging from approximately 1 year 11 months to 4 years, carrying coupon rates from 7.35% to 7.40% p.a. This move is part of the company's previously intimated plan to raise funds through debt instruments.
Key Highlights
- Approved issuance of ₹550 crore in Non-Convertible Debentures.
- NCDs to be issued on a private placement basis.
- Debentures will be rated, listed, and unsecured.
- Tenures range from ~2 to 4 years with coupon rates up to 7.40%.
- Funds to be raised via debt issuance as previously planned.
Price Impact
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