Loan & Debt18 Sept 2026, 01:02 pm
Godrej Industries Allots ₹750 Cr Non-Convertible Debentures
AI Summary
Godrej Industries Limited has announced the allotment of 75,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹750 crore. The NCDs have a tenor of 5 years and 6 months, maturing on March 18, 2032, with a coupon rate of 8.50% per annum, payable annually. The issuance was made on a private placement basis and will be listed on the National Stock Exchange (NSE). Proceeds are intended for general business purposes, investments, and loan repayments.
Key Highlights
- Allotted 75,000 NCDs worth ₹750 crore.
- Debentures carry an 8.50% annual coupon rate.
- Maturity date set for March 18, 2032.
- Funds to be used for business, investments, and debt.
- NCDs are unsecured, redeemable, and listed on NSE.
Price Impact
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