Grasim Industries to raise Rs1000 crore via NCDs

2 Nov 2022 , 09:17 AM

Grasim Industries Limited has informed to the exchanges regarding issue of NCDs worth Rs1000 crore on private placement basis.

As per the filing, the Finance Committee of the Board of Directors of Grasim Industries Limited at its meeting held on Tuesday, considered and approved issue of Non-Convertible Debentures (“NCDs”) on private placement basis, for an amount not exceeding Rs1,000 crore, in one or more tranches.

At around 9:17 AM, Grasim Industries Ltd is currently trading at Rs1,767.80 per share up by Rs5.25 or 0.3% from its previous closing of Rs1,762.55 per share on the BSE.

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