Ballarpur Allots ₹57.5 Cr NCDs via Private Placement

Ballarpur Industries Ltd. has allotted 5,750 Listed, Rated, Unsecured, Redeemable Non-Convertible Debentures (NCDs), each with a face value of ₹1,00,000, aggregating to ₹57,50,00,000. This private placement follows a prior board approval for NCDs up to ₹100,00,00,000. The NCDs have a 3-year tenure, maturing on September 21, 2029, and are zero-coupon instruments. They are proposed to be listed on BSE Limited. The investors for this allotment are Infotel Technologies Private Limited and Belgrave Investment Fund.