Investment2 Mar 2026, 12:40 pm
Balkrishna Industries Ltd. Approves Fund Raising Through Issue of Non-Convertible Debentures Worth INR 750 Crores
AI Summary
Balkrishna Industries Ltd. has approved the issuance and allotment of 75,000 non-convertible debentures of face value INR 1,00,000 each, amounting to INR 750 crores. The decision was made at the Finance Committee Meeting of the Board of Directors held on 2nd March, 2026. The company has the power to decide all the terms and conditions for issue of non-convertible debentures.
Key Highlights
- Balkrishna Industries Ltd. to raise funds through non-convertible debentures
- Issuance of 75,000 non-convertible debentures of face value INR 1,00,000 each
- Total amount of INR 750 crores to be raised
- Issuance to be on private placement basis
- Within the current borrowing limits applicable to the Company under Section 180(1)(c) of the Companies Act, 2013