Grasim Industries allots NCDs for Rs1,000 crore

2 Dec 2022 , 09:17 AM

Grasim Industries has informed to the stock exchanges that the members of the Stakeholders’ Relationship Committee of the Board of Directors vide its circular resolution dated December 01, 2022 has allotted 10,000 – 7.63% Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures (NCDs) of Rs10 Lakh each (Series 22-23 II, 7.63% GIL 2027) aggregating to Rs1,000 crore, on private placement basis.

“These NCDs have been rated “AAA (STABLE)” by CRISIL and ICRA”, the company said.

At around 9:16 AM, Grasim Industries Ltd is currently trading at Rs1,800 per share up by Rs2.8 or 0.16% from its previous closing of Rs1,797.20 per share on the BSE.

For feedback and suggestions, write to us at [e-mail]