Fundraise / allotmentNotableFiled on BSE ·

Balkrishna Industries Ltd. approves ₹550 crore NCD issuance on private placement basis

Balkrishna Industries · Auto Components

Arthneeti Research DeskPublished 1 min read
₹550 CrFundraise / allotment

Key highlights

  • Approved issuance of 55,000 rated, listed, senior, unsecured, redeemable, non-convertible debentures (NCDs) of ₹1 lakh each
  • Total amount up to ₹550 crore, issued in three series with tenures of ~1 year 11 months 29 days, 3 years, and 4 years
  • NCDs to be listed on BSE Limited with coupon rates of 7.35%, 7.38%, and 7.40% p.a. respectively, issued to eligible investors

Why it's rated notable: amount is ₹500 crore or more

Original filing

Board Meeting Outcome for Outcome Of The Meeting Of Finance Committee Of The Board Of Balkrishna Industries Limited

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.