Godrej Industries Approves Issuance of ₹1000 Crore in Unsecured Non-Convertible Debentures
Godrej Industries Ltd.'s Management Committee has approved a Key Information Document (KID) for issuing up to 1,00,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs). The debenture issue is intended for private placement and encompasses two series of instruments.The company intends to raise a total amount of up to ₹1,000 Crore through the issuance of these NCDs. This financing effort involves establishing Series 1 Debentures and Series 2 Debentures. Both series are non-convertible and carry a face value of ₹1,00,000 per debenture.
The structure for both debenture series is detailed below:
| Debenture Series | Number of Debentures | Face Value Per Debenture | Total Aggregation Amount |
|---|---|---|---|
| Series 1 | 50,000 | ₹1,00,000/- | ₹5,00,00,00,000 (Rupees Five Hundred Crore) |
| Series 2 | 50,000 | ₹1,00,000/- | ₹5,00,00,00,000 (Rupees Five Hundred Crore) |
The approval of the Key Information Document allows Godrej Industries to proceed with the issuance of these instruments on a private placement basis. The NCDs are Rated and Listed.
GODREJIND Stock Price Movement
Shares of Godrej Industries Limited are edging higher to ₹1116 as of 2:52 PM today, surging by 6.06% in live trading. The stock saw strong buying interest with a volume of 450,375 shares traded.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.
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