Investment2 Mar 2026, 12:27 pm
Balkrishna Industries to Raise INR 750 Crores through Non-Convertible Debentures
AI Summary
Balkrishna Industries Limited has announced its plan to raise funds through the issuance of non-convertible debentures. The Finance Committee of the Board of Directors 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 debentures will be issued on a private placement basis and will be within the current borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
Key Highlights
- Balkrishna Industries to raise INR 750 crores through non-convertible debentures
- Issuance of 75,000 non-convertible debentures of face value INR 1,00,000 each
- To be issued on a private placement basis
- Within the current borrowing limits under Section 180(1)(c) of the Companies Act, 2013
- Issuance and allotment approved by the Finance Committee of the Board of Directors