Gabriel India Approves Raising Up To INR 1000 Crores via Non-Convertible Debentures
Gabriel India Limited has announced that its board of directors has accorded in-principle approval for raising funds through the issuance of non-convertible debentures (NCDs). The board meeting, held on August 24, 2026, confirmed the approval for this fundraising initiative, alongside sanctioning the constitution of a Finance Committee.The approval grants the company the option to raise up to INR 100,00,00,000 through the private placement of senior, unsecured, rated, listed, redeemable, non-convertible debentures.
Furthermore, the board approved the formation of a Finance Committee, which has been granted the powers, inter alia, pertaining to the issuance of the aforementioned debentures.
The fundraising plan involves the issue of up to 1,00,000 non-convertible debentures, each with a face value of INR 1,00,000. The total size of the proposed issue stands at INR 1000 Crores. The debentures are planned for listing on the BSE Limited.
Key details regarding the securities and the issuance are summarized below:
| Feature | Particulars |
|---|---|
| Type of Securities | Non-Convertible Debentures |
| Issuance Method | Private placement basis to eligible investors |
| Total Amount | INR 1000 Crores |
| Number of Securities | 1,00,000 |
| Listing Status | To be listed on BSE Limited |
| Security Charge | Not Applicable |
The details concerning the instrument, including the coupon/interest offered, schedule of payment, and redemption details, are to be specified in the key information document.
GABRIEL Stock Price Movement
As of 10:56 AM, shares of Gabriel India Limited are slipping by 1.47% in live trading, currently priced at ₹1399.7 after shedding ₹20.90 from the previous close. The stock has registered a traded volume of 164,166 shares during the session so far.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.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.