Loan & Debt14 Sept 2026, 04:28 pm
Birla Corp Redeems ₹20 Cr NCDs Series-VII
AI Summary
Birla Corporation Ltd has fully redeemed its 500 Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs), Series-VII, on their maturity date of September 14, 2026. The redemption involved outstanding face value of ₹4,00,000/- each, aggregating to ₹20,00,00,000/-. Additionally, the company paid applicable interest amounting to ₹1,86,01,371/-, inclusive of TDS. Following this redemption, Birla Corporation Ltd has no outstanding NCDs. This action signifies the company's commitment to managing its debt obligations.
Key Highlights
- Birla Corporation redeemed ₹20 Cr of NCDs Series-VII.
- Redemption occurred on the maturity date of September 14, 2026.
- Applicable interest of ₹1.86 Cr was paid.
- Company now has zero outstanding NCDs.
- This is a debt repayment event.
Price Impact
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