Gabriel India Allots ₹1000 Cr Non-Convertible Debentures

Gabriel India Ltd's Finance Committee has approved the allotment of 1,00,000 non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹1,000 crore. These senior, unsecured, rated, listed, and redeemable NCDs will be issued on a private placement basis and listed on the BSE's Wholesale Debt Market segment. The debentures have a tenure of 36 months, with a coupon rate of 8.15% per annum, payable annually. The maturity date is September 10, 2029. This move signifies the company's strategy to raise substantial debt capital for its operations and growth.