Loan & Debt18 Jun 2026, 02:48 pm
Godrej Industries Approves ₹1,000 Cr NCD Issuance
AI Summary
Godrej Industries Ltd announced that its Management Committee of the Board of Directors has approved the issuance of up to 1,00,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) aggregating up to ₹1,000 Crore. The issuance will be on a private placement basis, divided into two series: Series 1 Debentures worth ₹500 Crore and Series 2 Debentures worth ₹500 Crore. This move aims to raise significant capital through debt instruments.
Key Highlights
- Godrej Industries to issue Non-Convertible Debentures worth ₹1,000 Crore.
- Issuance approved by the Management Committee of the Board.
- NCDs will be rated, listed, unsecured, and redeemable.
- Funds to be raised via private placement in two series.
- This is a debt financing activity to raise capital.
Price Impact
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