Godrej Industries to raise Rs 1000 crore through bonds

13 Mar 2023 , 10:24 AM

Godrej Industries, a division of the Godrej Group, has announced its plan to raise Rs1,000 crore by issuing bonds through a private placement. 

In a regulatory filing, the company stated that the management committee of the board of directors approved the placement memorandum/information memorandum for the issuance of up to 100,000 rated, listed, unsecured, redeemable NCDs with a face value of Rs 1 lakh each, totaling Rs 1,000 crore on a private placement basis.

The issue will be split into  tranches of 25,000 NCDs each having a face value of Rs 1 lakh.

Each series will have an aggregate nominal value of up to Rs250 crore, with the option to retain up to Rs250 crore in over-subscription, for a total of Rs 500 crore.

Godrej Industries is involved in the business of oleochemicals, finance and investments, surfactants, and estate management industries.

Through its subsidiaries, associate companies, and joint ventures, it has significant interests in a variety of industries, including property development, oil palm plantation, animal feeds and agri-products, poultry, personal care and household care, and so on.

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