Investment23 Mar 2026, 06:17 pm
Balkrishna Industries Ltd. Approves Issuance of INR 7,500,000,000 Non-Convertible Debentures
AI Summary
Balkrishna Industries Ltd. 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 debentures will be issued in three series to certain eligible investors. The details of the issuance are provided in the Annexure A.
Key Highlights
- Balkrishna Industries Ltd. to issue non-convertible debentures worth INR 7,500,000,000
- Issuance will be on a private placement basis to eligible investors
- Three series of debentures with different tenures: 3, 4, and 5 years
- Coupon/interest rates offered: 7.20%, 7.38%, and 7.55% per annum
- To be listed on BSE Limited