Balkrishna Industries Approves ₹550 Cr NCD Issue

Balkrishna Industries Limited's Finance Committee has approved the issuance and allotment of 55,000 rated, listed, senior, unsecured, redeemable, non-cumulative, non-convertible debentures (NCDs) with a face value of INR 1,00,000 each, aggregating up to ₹550 crores. These NCDs will be issued in multiple tranches on a private placement basis and will be listed on BSE Limited. The issuance falls within the company's current borrowing limits. Further details regarding tenure, coupon, and redemption will be disclosed at the time of allotment.