Ballarpur Industries Allots ₹20 Cr Non-Convertible Debentures

Ballarpur Industries Limited has announced the allotment of 2,000 Listed, Rated, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) with a face value of INR 1,00,000 each, aggregating to INR 20,00,00,000 (INR 20 Crore). This allotment is on a private placement basis and follows a previous tranche of NCDs. The NCDs have a tenure of 3 years and are proposed to be listed on the BSE Limited. This issuance is part of the company's approved plan to raise up to INR 100 Crore through NCDs.