Investment23 Mar 2026, 06:11 pm
Balkrishna Industries Ltd. Approves Issuance of 75000 Non-Convertible Debentures on Private Placement Basis
AI Summary
Balkrishna Industries Limited has approved the issuance of 75000 rated, listed, unsecured, redeemable, non-convertible debentures of face value of INR 100,000 each, for an aggregate principal amount of up to INR 7,500,000,000 on a private placement basis. The finance committee of the board of directors of the company made this decision in its meeting held on 23rd March, 2026. The debentures will be issued in three series to certain eligible investors permitted to invest in the NCDs under applicable laws.
Key Highlights
- Balkrishna Industries Ltd. to issue 75000 non-convertible debentures.
- The debentures will be issued on a private placement basis.
- The total principal amount of the debentures will be up to INR 7,500,000,000.
- The debentures will be issued in three series to certain eligible investors.
- The decision was made in the meeting of the Finance Committee of the Board of Directors held on 23rd March, 2026.