Balkrishna Industries Ltd. Approves Issuance of Non-Convertible Debentures
Balkrishna Industries Ltd. announced that its Finance Committee of the Board of Directors has approved the issuance of INR 7,500,000,000 (Indian Rupees Seven Hundred Fifty Crore) in rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) on a private placement basis. The issuance will occur in three series to eligible investors.The debentures will be issued with a face value of INR 100,000 (Indian Rupees One Lakh) each. The debentures will be listed on the BSE Limited.
The terms and conditions for each series are as follows:
| S. no. | Detail | Series I | Series II | Series III |
|---|---|---|---|---|
| Tenure of the instrument | 3 (three) years | 4 (four) years | 5 (five) years | |
| Date of allotment | 23.03.2026 | 23.03.2026 | 23.03.2026 | |
| Date of maturity | 23.03.2029 | 22.03.2030 | 21.03.2031 | |
| Coupon/interest offered | 7.20% p.a | 7.38% p.a | 7.55% p.a |
The Finance Committee meeting commenced at 11:30 a.m. (IST) and concluded at 11:55 a.m. (IST) on March 23, 2026.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.